Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Depending on which news source you choose to believe, Iran could import 3 - 6 MMT of wheat in 2019/20. Iran is suffering from a bad year for wheat with floods in some areas and drought in others. The amount of wheat to be imported is probably increased due to a flour milling arrangement with Russia and Kazakhstan - Iran does the milling while Russia and Kazakhstan sell the flour. Iran is also expected to import up to 7 MMT of corn and 3 MMT of barley but selling into Iran will not be easy due to the effect of U.S. sanctions and although the sanctions do not affect grains, they do effect the way that banking has to be done. Nothing is simple doing business with Iran. Jordan’s gover...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.