Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt reports holding strategic wheat reserves covering 4.7 months consumption. Officials in the Ukraine say they intend to “build a closer relationship with Egypt” for grain logistics and investments. Grain shipments to Egypt from Ukraine are valued at about $1.7 billion – 3.47 MMT of wheat and 3.55 MMT of corn. Shipments from the Ukraine represent 27 percent of Egypt’s wheat imports and 35.5 percent of corn imports. The dollar value of Algeria’s grain imports in 2019 was down by almost 12 percent --- total value was at $2.71 billion, down from $3.06 billion in 2018. The government agency that issued the statistics did not mention quantities...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.