The Russian Ministry of Agriculture lowered its 2015 grain production forecast from 100-103 MMT to 100-101 MMT. The export volume is estimated at 30 MMT. Russian Grain Markets Harvest Update 93.2 MMT of grain were harvested from 38.4 million hectares (81.7 percent of the target) as of 28 September 2015 compared with 96.1 MMT from 38 million hectares as of the same date a year ago. This specifically included 60.3 MMT of winter and spring wheat from 23.4 million hectares (87.1 percent of the target) and 17.3 MMT of winter and spring barley from 7.6 million hectares (85.3 percent of the target). Also produced were 4.2 MMT of corn from 833,100 hectares, 4.3 MMT of sunflower seed from 2.4 million hectares (35 percent of the target), 804,400 M...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
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.