MEDITERRANEAN/MIDDLE EAST COMMENTS As had been expected, Morocco is dropping its soft wheat import duty from 135 percent to 35 percent effective 1 October. Morocco’s harvest dropped 49 percent this year due to poor rainfall. Wheat imports will be used to rebuild the national reserves and to maintain the wheat price in the market. The recent tender the Morocco set for the importation of wheat was cancelled due to no bidders – no bidders probably because the tariff reduction was expected. Good news for regional importers of wheat from the Ukraine as exporters are asking the government for an increase in the somewhat informal wheat export cap. The Ukraine government has suggested 19 MMT in wheat exports, but the exporters a...
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
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.