Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Iran is reported to be the largest buyer of grain from Russia in the first three months of MY 2021/22. Shipments to Iran are: 3.7 MMT – 3.1 MMT of wheat, 392,000 MT of barley and 215,000 MT of corn. Egypt’s grain crops, according to the USDA-FAS Cairo office, will be steady for 2021/22 with wheat production at about 9 MMT and wheat imports at 12.4 MMT. Corn production is 7.4 MMT, up by 1 MMT, with imports down 400,000 MT to 9.3 MMT. Turkey is the second largest buyer of Russian grain from July to September with a total of 3.5 MMT – 2.87 MMT of wheat, 569,000 MT of barley, and 73,000 MT of corn. Egypt is the third largest Russian buyer with a tota...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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.