Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The latest USDA-FAS report on Jordan indicates the country will import 1.1 MMT of wheat in 2018/19 along with 750,000 MT of barley and 800,000 MT of corn. The wheat is entirely for flout milling, while the barley and corn are intended for animal feed use. Jordan is a very small producer of grains (mostly wheat) at perhaps 30,000 MT in total, and it depends on imports for 100 percent of its requirements. Both import and consumption levels are quite steady. Jordan is currently completing two silo projects that should greatly help with reserve grain storage: one in Aqaba and another in Amman with capacity for 225,000 MT and 125,000 MT, respectively. The country’s total consumption of...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.