News Updates EGYPT UPDATE The Egyptian government announced that the final amount of its wheat purchases from the local market is at 3.8 MMT, up slightly from its original estimate a few weeks ago. Meanwhile, discussions between the IMF and the government regarding the $3 billion in financing are currently running at a slow pace because the new government does not yet have all its new staff and officials in place. According to the government, the full list of cabinet ministers will be announced before the end of this week, about one month after the election victory. The IMF says that everything is moving ahead.Following up on meetings last March, senior officials from Egypt, Tunisia and Libya have been gathering in Cairo to discuss closer...
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...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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 €...
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.