16 October was World Bread Day, just in case you missed it. The European Commodity Exchange held in Berlin Germany last week was well attended with over 4,000 people registered. There were many attendees from Turkey, Egypt, and across North Africa, fewer from Africa and the Middle East but still very good for a Europe centered event. Next year’s Exchange will be in Rotterdam in October 2026. Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s new government purchasing agency – Mustaqbal Misr (MM) – is reportedly late in making payment for shipments which is causing a long lineup of vessels for discharge. One report says that “at least 15 wheat vessels are delayed”. Up until rece...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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.