Zimbabwe and Malawi are both expected to suffer a notable drop in this year's maize production. The deficit will be very difficult to source from neighboring countries as most are also short of supply. Thus, the bulk of stocks required will have to come from international markets. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt reports that on a U.S. dollar basis, its wheat and corn imports dropped 17.9 percent and 7.5 percent, respectively, in the last quarter. Without information regarding the actual volume, however, it is impossible to determine whether it is the actual quantity that has decreased or just the cost per MT.Egypt’s ergot situation seems to be never-ending as the long-expected decree on the level allowed has not...
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.