While the recent ergot issue in Egypt appears to be resolved, the government's announcement this past week regarding changes to the origin and destination inspections of wheat shipments has surprised the grain trade and also raised its concerns. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS While the recent ergot debacle seems to have ended for the trade in Egypt, the local press continues to rave about the “ergot-infected” wheat being allowed into the country. Egypt has a very long history of changing directions on matters, including those that appear to be finally resolved. This is probably why the number of companies participating in the last GASC wheat tender were fewer than normal.Egypt also surprised the grain trade this past...
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...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
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.