News Updates EGYPT COMMENTS The European Union last week announced that it could provide Egypt with $6.5 billion in loans, grants and credit lines. As expected, that amount is fully tied to the approval of the IMF's loan and can only be made once the IMF details are agreed and finalized. The EU also stated that talks on an EU-Egypt free trade agreement will move ahead quickly. The EU is Egypt's largest trade partner. Additionally, the government of Qatar will be investing up to $2.5 billion in Egyptian government bonds. There was no statement on the tenor of the bonds in which Qatar will invest.Experts have been saying that the recent devaluation of the Egyptian pound will do more harm than good for the country. Much of this is due to the...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.