Russian Grain Markets: 5 – 9 June 2023 The second week of June remained bearish with the fundamental factors remaining the same: lower export duty, weak RUB, high stocks, and low export demand in the Black Sea. Bearish factors prevail, especially high stocks which are pushing farmers to sell for less as new crop prices are not very promising. The government is decreasing export duties; barley has been duty free for two weeks, but it has not helped recover prices to previous levels. Blowing up the Ukrainian dam and hydroelectric power in occupied Kakhovkaa shattered the world’s opinion on wheat and wheat added dollars right away, mostly in the futures market. The spot market in Russia will remain stable and...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.