The Russian Ministry of Agriculture’s first forecast for the 2016 grain harvest estimated it at 104 MMT. However, market experts are not as optimistic with Igor Pavenskiy of Rusagrotrans predicting that it will only reach 93-99 MMT due to current crop conditions. Russian Grain Markets Harvest Update Russia’s Ministry of Agriculture reported on 15 December that the 2015 grain harvest totaled 103.4 MMT in clean weight, including 61.2 MMT of wheat. Market Trends: 7-11 2015 Prices on the Russian grain market started to decrease during the week in review. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central (-$0.70/MT), the South and Black Soil (-$0.20-0.50/MT), Volga Valley (-$1.20/MT), Ural (-$0.20/MT) and Siberia (-$...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.