Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS News reports concerning a possible ADM/Bunge merger have raised questions about the future of G3 Canada, the Saudi Arabia SALIC and Bunge joint grain handling venture. However, there doesn’t seem to be much reason for concern yet since the joint venture’s Canadian locations would seem to be just as valuable to ADM as they are to Bunge/Salic, although there could be some overlap of facilities. Ukrainian corn exports to the Middle East/Africa (MEA) region have declined this crop year as more are being shipped to China as well as Asian destinations. Shipments to Iran have dropped by 800,000 MT with sales to Egypt and Tunisia down 77 percent and 35 percent, respectively. Reports...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.