Russian Grains Markets: 15-19 August 2022 Russia’s harvest continues. As of 11 August, grain production showed 75.5 MMT harvested, which is up 600,000 MT from last year. The total area harvested is 18.1 Mha, which is 6.5 Mha behind last year. Specifically, wheat was harvested from 14.2 Mha versus 16.9 Mha (62.8 MMT) a year ago, barley was harvested from 2.4 Mha versus 4.9 Mha and totaling 8.8 MMT, and rice was harvested from 406,400 ha versus 780,700 ha last year and totaling 1.1 MMT. This year, the average yield has increased for all the above crops. In some areas, winter crop planting has begun but is behind compared to last year. The current estimation of the 2022 crop in Russia is around 145 MMT, of which 95 MMT is wheat...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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.