For the past few years, Egypt has been one of the top two importers of U.S. 60 percent protein corn gluten meal (CGM). However, the sudden rally in those prices has created difficulties for feed producers there, causing them to look more closely at alternatives. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Dreyfus reports that it is considering port logistics investments in the Middle East/North Africa (MENA) region with particular emphasis on Egypt and perhaps Saudi Arabia. The company did participate in a joint venture port facility in Egypt a few years ago but sold its share to the other partner.Egypt reports that 3.83 MMT of local wheat has been purchased against its target of 4 MMT. With government buying scheduled to extend...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.