World Perspectives
feed-grains soy-oilseeds wheat

Common Thread: CME’s Noble Experiment

Trading in the CME's new Black Sea wheat futures contract began yesterday, 6 June. With this contract, CME aims to attract hedging volume from Black Sea regional exporters and users of wheat from the region. If the contract can demonstrate commercial utility, the hope is that it will attract speculative volume as well plus volume from spreaders playing Black Sea wheat futures against the CME's futures contract for SRW or perhaps Paris wheat futures. The first day's trading volume was not very auspicious. Reportedly, only a few contracts were traded, apparently not enough to be included in CME's report of daily trading volume and open interest.Trading is entirely electronic via CME's Globex platform. Trading hours are from 1:00 a.m. to 1:1...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

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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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