The latest USDA FAS GAIN report for Turkey shows 2015/16 production of wheat, barley and corn will be higher. Although imports of these three grains are expected to decline as a result, the drop in those of wheat will be lower than production growth because of one particular factor. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has reportedly rejected three wheat cargoes: 63,000 MT of French origin to GASC and two smaller shipments to the private sector. All rejections are said to be due to the presence of high ergot levels. According to Egyptian government officials, the French shipment was found have levels at 0.07-0.09 percent, well over the 0.05 percent maximum set by GASC. The cargo from France is allegedly being returne...
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...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.