Regional News U.S. Bank JPMorgan Chase secured a license from the U.S. Office of Foreign Assets Control (OFAC) to process payments from Russian bank Rosselkhozbanka for the export of agricultural products. Through 27 April, 1.368 Mha have been sown to spring cereals in Ukraine, including 206,100 ha of wheat; 639,000 ha of barley; and 252,700 ha of corn. Sunseed sowings have been completed across 460,200 ha. Russia’s 1 April 2023 grain stocks totaled 18.055 MMT including 12.88 MMT of wheat stocks. The government of Moldova announced it will sell 21,083 MT of wheat from its state reserves with the intention to replenish the stockpiles with grain from the 2023/24 crop. The EU Commission agreed to introd...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.