News Updates U.S. GSM-102 PROGRAM At the end of February, the totals booked in dollars through the U.S. GSM-102 program for Africa and the Middle East were soymeal, USD 7 million; soybeans, USD 56.4 million; wheat, USD 13.9 million; and corn, USD 39.9 million. For the separate program in Turkey the totals were DDGS, USD 4.7 million; soymeal, USD 35.3 million; and soybeans, USD 58.5 million. IRAN'S SITUATION Iran continues to buy wheat from various origins to cover its current and long-term needs. Bartering seems to be the preferred method of trade, and several countries -- including Pakistan and India -- are sending missions to Iran for more detailed discussions. As previously reported, Iran is to provide the finances for a Pakistan-Ira...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.