Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt announced that Suez Canal fees for bulk vessels will be increased by 10 percent on 1 January 2023. Other vessels, except tourist vessels, will be increased by 15 percent. Egypt’s GASC advised wheat suppliers that they must register with the new Egypt commodity exchange to participate in GASC purchases. Registration is to be before 1 November 2022. Egypt agreed to accept a replacement shipment of 60,000 MT of milling wheat covering a cargo that could not be shipped from Ukraine. The new order is at the same price as agreed to in December 2021 – $361.25 MT – and can be Ukraine or Russia origin. The seller is Olam International. Moroc...
Weather remains the dominant driver of grain markets this time of year, but this week's trade has been a reminder that futures markets are constantly looking ahead. Corn and soybean prices don't simply react to today's weather — they respond to where traders believe production risks will...
Key Takeaways: The European Parliament rejected a proposal to classify soyoil as a high ILUC-risk feedstock, preventing a potential phaseout from EU biofuel markets by 2030. Palm oil remains the only major vegetable oil designated as high ILUC-risk in the EU due to concerns over expansion into...
From WPI Consulting
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.