Regional News Egypt’s GASC secured 79 KMT of soybean and sunseed oil in total, of which 27 KMT of sunseed oil was purchased at $1.170/MT CNF and 52 KMT of soyoil were bought at $1.325/MT CNF. The EU Commission issued a proposal to extend the duty-free policy of Ukrainian imports into the EU by another year. French authorities are set to impose limits on water for crop irrigation in parts of the country for the first time since 1959. Russian wheat stocks as of January totaled 19.8 MMT, up from 12.4 MMT in 2022. Ukraine is requesting that the UN-brokered “grain export corridor” agreement be renewed for one year, rather than the previous two agreements which were for 120 days. Ukraine indicated it...
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.