Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Moroccan government says that crops for 2017/18 are “exceptional” with grain production up more than 7 percent at over 10 MMT: 4.9 MMT of wheat, 2.4 MMT of durum wheat and 3 MMT of barley. This was achieved despite the 17 percent reduction in plantings due to late rainfall. However, the very good rains increased yields overall. Rainfall in 2017/18 was up about 10 percent over the previous year. Authorities in Egypt are very concerned that Netherlands-based ING Group will no longer provide financing for GASC’s wheat imports. It was apparently financing some of the recently defaulted AOS trading sales to Egypt and is involved in payment disputes. Reports say that ING...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.