Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Iran’s SLAL did not buy any barley in its 200,000 MT tender last week. While some say that financing problems stopped the purchase, others maintain that the prices were just too high. U.S. sanctions were also said to be part of the financing issue as international banks are concerned about their application. Russia is pushing hard to be allowed in Algeria and Saudi Arabia. Trade experts say that with its wheat going into Tunisia, Libya, Morocco, Egypt and Jordan, there is probably not much justification to keep it out of other markets in the Middle East/North Africa (MENA) region. It is possible that Algeria may find a reason to slightly modify its strict requirement on the permit...
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
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.