While the currency situation in Egypt seems to be a bit calmer this week, the general consensus among private sector importers is that grain imports will have to drop as the Egyptian economy cannot immediately adjust to a doubling in costs. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The currency situation in Egypt seems to be a bit calmer this week than last, although there is still a great deal of concern among local importers and manufacturers. Press reports there say that there were at least $100 million exchanged for Egyptian pounds since the floatation of the currency. There is also speculation that as much as $30 billion could be hidden away by the private sector, which would mean it has more USD than the Egyptian governme...
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.