News Updates EGYPT COMMENTS The Egyptian government stated that all details required for its IMF loan should be in place in about two months, and that it expects to be able to finalize the loan of $4.8 billion as requested last month. There is also a further $1 billion pending from the World Bank and African Development Bank, as well as an expected $1 billion in loan write-off by the U.S. with an additional in $1 billion in U.S. loan guarantees on behalf of Egypt. This adds up to a total of $7.8 billion in loans, credit lines and debt forgiveness. But will it be enough to help control the current Egyptian budget deficit of $22 billion?Qatar also has come forward to help Egypt, but this will be investment-based rather than focused on loans...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.