News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Saudi Arabia has announced that the upcoming Eid Al-Adha holiday will start on 10 October with the government resuming work on 21 October. Holidays will vary by country and it is expected that private sector holidays will be shorter than the government holidays.While not strictly grain-related, Saudi Arabia reports that 86 percent of the total workforce is composed of expatriates as is 99.5 percent of agriculture/animal farm workers.Morocco has announced that it will be changing its gasoline subsidy program and this has prompted concern among many that it also has plans to change the current wheat flour and sugar subsidy programs. That is unlikely because of the effect that food subs...
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.
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...