Regional News Ukraine’s 1 May grain stocks totaled 9.5 MMT in 2021, up 0.18 MMT from the same period in 2020. Notably, wheat stocks were up 8 percent, corn stocks up 4 percent, and barley down 37 percent (due to strong Chinese buying earlier in the year). Russia announced it expects its all-grain exports to hit 51 MMT in 2021/22, despite a smaller crop. The 2021 grain crop is pegged at 127.4 MMT, down from 133.5 MMT in 2020. The Russian ag ministry also said it plans to set a quota for the second half of each marketing year (1 January – 30 June) as well as suggest the government buy 3 MMT for its state-owned stocks. Milling Wheat European wheat markets followed the global trend of lower p...
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.