Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has revised its terms for government wheat purchases after suppliers were refusing to participate in recent tenders. The major change regards demurrage fees, which suppliers were previously responsible for at discharge and in some cases resulted in charges for weeks of delays. Now, however, they will only be held responsible for a maximum of 12 days demurrage at $12,000 per day. This equates to about $2.50/MT of demurrage risk, and suppliers will build this into their tender prices. Egypt’s GASC has also lowered its protein requirement for Russian, Ukrainian and Romanian wheat from 12 percent to 11.5 percent. This requirement for French wheat was cut from 11.5 percent to 11...
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.