Turkey’s wheat production should reach 19.5 MMT in 2015/16, according to the latest USDA-FAS report on that country. However, that volume could drop to 17.5 MMT for 2016/17 and cause imports to rise. Meanwhile, decreases are also forecast for its barley and corn production. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s local what harvest is underway, and the government has started receiving stocks against its purchase target of 4 MMT. This target could of course be easily exceeded as it was last year when approximately 5.3 MMT were bought. Meanwhile, the government believes that it has enacted adequate safeguards so that the wheat purchased will be locally grown and not lower-cost imports slipped into the domestic market. I...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.