Spain Retaliates As expected, Spain adopted legislation specifying that only EU-origin biodiesel can be used to satisfy that its biodiesel blending requirement. The measure effectively bans the importation and use of Argentine biodiesel and was adopted as retaliation against Argentina's decision to nationalize YPF, Argentina's largest petroleum company. Last week President Cristina Fernandez de Kirchner expropriated 51 percent of YPF controlled by Spanish oil company Repsol.Argentina exported about $991 million worth of biodiesel to Spain in 2011, and these biodiesel imports have largely put the Spanish biodiesel industry out of business. Thus, the ban will be applauded by Spanish biodiesel makers who should now be able to rebuild their...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
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.