News Updates EGYPT COMMENTS The biggest news out of Egypt this week was Nomani Nomani's resignation from GASC after several years of overseeing wheat purchases for the Egyptian government. Speaking from many, many years of experience in the Egyptian grain market, I must say that Nomani had done an outstanding job for GASC and for Egypt. During his tenure, he was able to tighten up quality requirements -- both on paper and in fact -- and to expand the origins for wheat to Egypt at quality levels the country required. The expansion of origins alone probably saved Egypt millions of dollars yearly. The trade hopes that his replacement is able to do as good a job as Nomani did.There also has been a great deal of discussion this week about the...
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
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.