Kenyan farmers are saying that the extended duty-free maize import period will make large volumes of those low-cost stocks available when the local crop is harvested in September. They are also unhappy about the impact of a Kenya Food Reserve Agency decision. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s supply minister has said that wheat imports will total about 7 MMT in 2017/18 versus 6 MMT in 2016/17. With national consumption at 15 MMT annually, this means 8 MMT will have to come from local production, which is quite achievable since that is the level of the five-year average, or drawn from the government’s reserve stocks of 5 MMT.Egypt’s new bread subsidy scheme becomes effective 1 August, and the government says that...
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
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.