The Black Sea wheat market remains firm due to the region's political tension, and there are no offers in Ukraine. Milling Wheat The Black Sea wheat market remains firm due to the region's political tension, and there are no offers in Ukraine. Russian wheat is offered at about $5/MT more than last week. Ukraine's export program doesn't appear to be compromised. The existing contracts are being honored, and no defaults have been reported in the market at this time.The EU allocated 563,000 MT of wheat export licenses this week, bringing the total to 20.7 MMT. This is about 7 MMT more than at the same date last year. At the current pace, EU wheat exports will exceed 25 MMT by the end of April, which will seriously tighten the EU wheat balan...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.