Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Ramadan is expected to begin on 2 April and end 1 May with the holiday of Eid Al Fitr beginning on 2 May. Egypt reports that 189,000 MT of wheat are enroute from the Black Sea with no delays – 63,000 MT each from Romania, Ukraine, and Russia. According to Egyptian authorities, they have been assured that there will be no delays in Russian shipments. Egypt’s Suez Canal Authority says that it will clamp down on corruption regarding “facilitation payments – bribes” paid in using the canal. Facilitation payments have always been a part of the system in Egyptian (and many other) ports. Normally pilots, tugs, etc. are given Marlboro...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.