Egypt's problem with ergot has always been with the standard for wheat, which has been revised higher. However, the acceptable level has remained at 0.0 percent for corn, and now the country has rejected a 60,000 MT shipment because of its presence. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The big news this week is probably the Egyptian rejection of 60,000 MT of Ukrainian corn due to the ergot levels. In the past, the problem had always been about the ergot standard for wheat, which had been revised higher. However, the level for corn remained at 0.0 percent. Ergot is not as common in corn as in wheat, but it seems that the Egyptian authorities found some. It is reported that the shipment is being re-exported to Spain.Egypt al...
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.