World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION BRICS membership increased on 1 January 2024 to include Egypt, Iran, Saudi Arabia, UAE, and Ethiopia in addition to existing members: Brazil, Russia, India, China, and South Africa. Further expansion is expected in 2024/25. Pakistan’s wheat production for 2023/24 is forecast by USDA-FAS to increase to 28 MMT, up from 26.4 MMT. Wheat imports are expected to drop by 600,000 MT to 2 MMT. Overall wheat consumption is up by 800,000 MT to 30.2 MMT. Oman Flour Mills started operations of its new feed mill with a capacity of 20 MT per hour. This new feed mill will greatly reduce the current dependence on imported animal feed supply. Iraq’s Ag Ministry...

WPI on Twitter

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Biodiesel Report Sinks Soyoil, Soy Complex; Wheat Falls on Forecast Rains

First notice day for May futures yielded heavy deliveries against the soyoil contract and, to a lesser extent, soybeans and soymeal. CBOT wheat also saw deliveries, but the grain markets survived the event relatively unscathed. Most of the day’s action was in the soy complex as weaker-tha...

soy-oilseeds

Olive Oil Gets Tighter

Olive oil is a niche product, comprising just under one percent of total global vegetable oil production. It is also higher priced, and only becoming more so as production drops. Europe produces around 62 percent of global olive oil and supplies half the world trade. Production is primarily in...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.4675/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.0325/bushel, down $0.0525 from yesterday's close.  Jul 24 Soybeans closed at $11.63/bushel, down $0.19 from yesterday's close.  Jul 24 Soymeal closed at $351.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Market Commentary: Biodiesel Report Sinks Soyoil, Soy Complex; Wheat Falls on Forecast Rains

First notice day for May futures yielded heavy deliveries against the soyoil contract and, to a lesser extent, soybeans and soymeal. CBOT wheat also saw deliveries, but the grain markets survived the event relatively unscathed. Most of the day’s action was in the soy complex as weaker-tha...

soy-oilseeds

Olive Oil Gets Tighter

Olive oil is a niche product, comprising just under one percent of total global vegetable oil production. It is also higher priced, and only becoming more so as production drops. Europe produces around 62 percent of global olive oil and supplies half the world trade. Production is primarily in...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.4675/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.0325/bushel, down $0.0525 from yesterday's close.  Jul 24 Soybeans closed at $11.63/bushel, down $0.19 from yesterday's close.  Jul 24 Soymeal closed at $351.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt reports it has received 900,000 MT of local wheat since the harvest began on 13 April. The government’s target is to receive 3.5 MMT from the 2024 harvest. Egypt’s Suez Canal Economic Zone has re...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up