Regional News Through 29 March, Ukraine has exported 35.593 MMT of grain for MY 2023/24, below the 37.382 MMT exported during the same period the prior year. Wheat exports total 13.7 MMT, barley shipments reached 1.962 MMT, and corn exports total 18.6 MMT. Egypt’s state-owned GASC purchased 17.250 KMT of sunflower oil at $930/MT C&F delivery along with 18 KMT of soyoil at $1,050/MT C&F, both for May delivery. Turkey is set to become the world’s second largest exporter of hard wheat, rising in the rankings due to falling shipments from Canada. Turkey has already shipped 1.5 MMT of hard wheat in 2023/24 after becoming a net exporter for the first time. Milling Wheat Wheat prices were mixed but mostly...
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.