MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s government has announced that the official customs exchange rate will remain at the current level of 16 EGP against the USD for January 2018; the actual currency rate is now about 17.69 EGP to the USD. A steady rate certainly helps grain importers by keeping costs consistent. A new organization has been established in Egypt over the past few weeks that could be of great benefit to the grain industry. The Egyptian Grain Suppliers Association was reportedly formed with 12 major grain trading companies as founding members. It is expected to present a united front regarding Egyptian government rules that affect the grain import business with specific current concern for import inspection regula...
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.