Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Iran reports that its local grain purchases now exceed 9.5 MMT, a new record level despite the early expectation of poorer crops due to a lack of rainfall. The wheat crop there is highly dependent on rainfall as very little of it is irrigated. Iran says that it is now fully self-sufficient in wheat and will no longer require imported stocks. The country is an exporter of hard durum wheat and shipped about 300,000 MT last year. Oman’s government announced that it has released about $5 million in wheat subsidies to millers, including about 50 percent of the outstanding amount due from the 2013-15 period. The millers hope that remaining balance will be paid shortly. The higher oil pr...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.