Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan’s Economic Coordination Committee has approved the importation of 3 MMT of wheat for strategic stocks. Tenders will be issued by the Trading Corporation of Pakistan with importation by PASSCO, the government storage agency. The latest government estimate for wheat production is at 26.04 MMT. Pakistan is reportedly offering export corn at prices about $20/MT lower than prices from India. According to numbers from France Export Cereals, Morocco’s grain imports to the end of May 2021 are soft wheat 4.05 MMT, hard wheat (durum) 1.27 MMT, barley 520,000 MT, and maize at 2.86 MMT. Sixty percent of the imports are through Casablanca port, on the Atlantic, Jorf p...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
Key Takeaways: Demand and capacity decide where milk growth lands. Italian cheese is up 4.2 percent in 2026, and milk output is growing fastest in Kansas, South Dakota and Texas, where the new plants are located. Price spreads decide where the marginal milk goes. The Class IV premium over Clas...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.