Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Morocco is said to be the destination for the first grain shipment from Thunder Bay, Canada after the long winter period when shipments from the Great Lakes are not possible. Egypt reports that about 1.4 MMT of local wheat have been purchased so far this harvest, up significantly from just 200,000 MT as of the same date a year ago. Additional information on U.S. sorghum shipments originally destined to China indicates three cargoes have been rerouted to Saudi Arabia and one to Japan. The price to Saudi Arabia was said to be $190/MT CNF, which will probably mean losses to the shippers of more than $60/MT. It is also reported that some buyers in China have asked the government not to app...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.