While the currency situation in Egypt seems to be a bit calmer this week, the general consensus among private sector importers is that grain imports will have to drop as the Egyptian economy cannot immediately adjust to a doubling in costs. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The currency situation in Egypt seems to be a bit calmer this week than last, although there is still a great deal of concern among local importers and manufacturers. Press reports there say that there were at least $100 million exchanged for Egyptian pounds since the floatation of the currency. There is also speculation that as much as $30 billion could be hidden away by the private sector, which would mean it has more USD than the Egyptian governme...
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.