Egypt has set up a new wheat import inspection system that seems to be giving some confidence to traders and tender participants. It will be under the authority of the General Organization for Export and Import Control (GOEIC,) which has an alternative way to conduct the inspections. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS A Saudi Arabian trade team has been in the U.S. as part of the U.S. Grains Council (USGC) buyer program in conjunction with its Export Exchange Conference in Detroit, and the group will be observing the corn harvest in South Dakota. There was also a group of North African corn buyers touring farms in Nebraska and also visiting ethanol/DDGS production facilities in the area.The government of Tunisia says tha...
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
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.