Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Bad weather in Egypt has closed four ports on the Red Sea and two on the Mediterranean. Very strong winds are reportedly causing docking and visibility difficulties due to sand and dust storms. Egypt normally experiences strong khamaseen winds from February to March, but they seem to be a bit early this year. Khamaseen refers to the number 50 in Arabic as the winds are common for about 50 days during Egypt’s spring. Turkey also suffered from bad weather, and the Bosporus Strait was closed over the weekend for safety reasons. This has delayed grain shipments from the Black Sea for a few days. Pakistan’s tender to export 100,000 MT of bagged wheat is said to have attracted at...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.