Regional News Ukrainian President Zelenskiy called on the international community to end the Russian blockade of Ukraine’s export ports to avoid “a food crisis in the world caused by Russia’s aggressive actions.” President Zelenskiy’s request is at odds with the general consensus in the West, and especially NATO, that direct confrontation with Russia could trigger a broader war. Ukraine has lifted its export ban on millet and sugar. Turkey imported 71 KMT of sunflower seed oil in March, nearly all (70 KMT) of which was sourced from Russia. Before the Russia-Ukraine conflict, Turkey imported 12 KMT of sunflower oil from Ukraine in February. Despite currently positive and above-average...
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.