MIDDLE EAST/MEDITERRANEAN COMMENTS: Morocco’s import duty on soft wheat will be reduced from the current 135 percent to 30 percent on 1 December 2017. The higher rate is in place for part of the year to protect local wheat farmers from lower-cost wheat imports. Approximately 50 percent of domestic production is soft wheat, and officials say that the stocks represent about 3.5 months of consumption. Saudi Arabia’s Saudi Agriculture and Livestock Co. (SALIC) has formed a joint venture with the UAE’s Al Dahra Group to develop agricultural land in the Black Sea region. Both companies currently have operations in Ukraine and Romania as well as Poland and Serbia. According to available information, this joint venture will be m...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.