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: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while wester...
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
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.