While South Africa's total wheat consumption is about 3.2 MMT, its local production has dropped from 2.43 MMT in 2000 to only 1.4 MMT in 2015/16. Experts say that this ever-continuing decline is due mainly to one factor. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt continues to fine tune its procedures for grain import inspections, and those will now all be conducted by the General Organization for Import and Export Control (GOEIC). Importers will be required to provide detailed information to that agency, which says that approvals will be issued within two days of the document submissions. Egypt also reconfirms that it will no longer send inspectors to ports of loading to pre-authorize shipments. The GOEIC will also coordin...
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
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.