Egypt reports that it has purchased approximately 57,000 MT of local wheat in the first 10 days of buying against a target of 4 MMT by 31 July 2016. However, wheat farmers are complaining that the government is refusing to buy some stocks due to one particular issue. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Algeria reports that its grain imports for the first quarter are down 8.5 percent from last year, mainly in corn and barley, although wheat showed a small increase. Corn imports totaled 906,400 MT (1.15 MMT in 2015) with barley at 182,600 MT (286,100 MT in 2015), soft wheat at 1.6 MMT (1.55 MMT in 2015) and durum wheat at 510,800 MT (509,100 MT in 2015). From a value perspective, the total cost of grain imports dropped 25.7...
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.