News Updates EGYPT UPDATE The Egyptian government has announced that the budget for 2012/13 wheat purchases has been set at $2.65 billion (EGP 16 billion), which will cover both purchases of imports and domestic crops. So far in the current year, the government reports that it has purchased 3.42 MMT of local wheat for $1.3 billion (out of a total budget of $1.4 billion). According to the government, the country's current wheat stocks on hand are about 5 MMT and are sufficient to cover all demand for six months. The government also reported that the quality of wheat it acquired this year is much improved over the previous year's wheat. As a result, less imported wheat will be required for blending to increase flour quality.With the newly e...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.