Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s Ministry of Agriculture is making efforts to reduce the planting of major water-consuming crops such as wheat and rice by having farmers switch to other crops like quinoa, which is said to only need one tenth the amount needed by rice. It will not be easy to convince them to do so unless there is a market for their production as there is for wheat and rice. Egypt reports that local wheat purchases have now topped 1.8 MMT against the target of 4 MMT. It also says that excluding those stocks, the current wheat supply will be sufficient to cover consumption for four months. Iraqi officials report that local wheat purchases exceed 300,000 MT with the total projected to reach...
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
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.