World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19–23 August 2024 Kazakhstan announced they will close the borders with Russia for wheat from now until 31 December. This will put even more pressure on the Russian wheat market and may push them to offer softer offers for GASC tenders where they are the key players. In addition, Russian government sales of intervention stocks, which is so far only 18,900 MT a week, are dumping more milling wheat on the market.  Kazakhstan fears grey imports of wheat from Russia will have a negative effect on farmers in Kazakhstan even though both countries are members of the same Customs Union and trade is duty free. Kazakhstan woke up to the fact that during the first half of 2024 Kazakhstan imported 1.3 MMT of wheat wh...

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 16 September)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  The Rosario Grain Exchange reports that wheat fields in the central, northern, and western parts of the planted area are suffering from a lack of water, raising doubts about its current production estimate of 20.5 MMT- a figure considered high by many in the market. In September, th...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Last Thursday, a Ukrainian merchant vessel carrying grain and bound for Egypt was struck by a Russian missile in the Black Sea waters near Romania. The event is escalating the geopolitical tensions between the two countries and threatens Ukraine’s ability to protect ci...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 16 September)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  The Rosario Grain Exchange reports that wheat fields in the central, northern, and western parts of the planted area are suffering from a lack of water, raising doubts about its current production estimate of 20.5 MMT- a figure considered high by many in the market. In September, th...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Last Thursday, a Ukrainian merchant vessel carrying grain and bound for Egypt was struck by a Russian missile in the Black Sea waters near Romania. The event is escalating the geopolitical tensions between the two countries and threatens Ukraine’s ability to protect ci...

wheat soy-oilseeds feed-grains

CFTC COT Report Analysis

Funds continued covering shorts across the grain and oilseed complex through last Tuesday as futures trended firmer heading into the September WASDE. The most notable short covering was in wheat where funds bought back 30 percent of the CBOT position and 33 percent of their HRW short. The buyin...

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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.

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