News Updates MEDITERRANEAN AND MIDDLE EAST COMMENTS Saudi Arabia has been quickly reducing the size of the locally grown wheat crop because of the high monetary and environmental costs of producing wheat under the adverse conditions found in the country. Now it seems that the end of 30 years of production is in sight, with all local wheat to be phased out by 2016. In 2012 local farmers supplied 770,000 MT of wheat to the government. The government said it will not buy any more local wheat after 2015. Of course, if there are no buyers, then there certainly will be no producers. Saudi Arabia consumes about 3 MMT of wheat for food use and about another 700,000 MT for animal feed use. The Grain Silos and Flour Mills Organization (GSFM...
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
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.