Regional News Ukraine’s UGA grain traders’ union said it looks for the country’s wheat harvest to fall 45 percent to 18.2 MMT this year and that corn production could fall 38 percent to 23.1 MMT. A favorable shift in weather conditions will aid Ukraine’s newly-planted spring crops and likely aid in seeding additional area (where fuel restrictions and various implications of the war, like land mines, will allow). Russian farmers have seeded spring crops on 0.563 Mha so far, up from 0.36 Mha this time last year, aided by favorable weather. Since the end of November 2021, more than 13 million poultry birds have been culled in France due to bird flu outbreaks. Through 8 April, France has repor...
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.