Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s current zero wheat import tax is expected to be extended until September rather than expiring on 31 May. Morocco’s drought driven wheat imports are up by almost 70 percent over 2021/22. The wheat crop is forecast to improve in 2023/24 but still be well below average. Kuwait’s Foreign Minister met, on 4 June in Kuwait, with the UN coordinator for the Black Sea Grain Initiative to discuss the importance and the future of the Black Sea program. Kuwait supports the initiative and is working toward a solution for the Russia-Ukraine conflict. Yemen’s local grain crop is expected to total about 405,000 MT this year, but grain imp...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.