Regional News European weather trends remain unfavorable for crops with drought in Hungary and Romania hurting winter crop development and yield potential while wet weather slowed summer crop seedings across France, Germany, and Italy. Now, heatwaves across Spain, eastern Europe and the Black Sea are threatening both winter and summer crop yield potential. The economic links between Russia and China are growing as the two countries engage in more trade. From January through May 2024, Russia exported 124 KMT of wheat to the Middle Kingdom, a 9.3-fold increase from the prior year. India is on track to import a record large 500 KMT of sunoil in June, sourced from unknown countries (likely a combination of Russian or Ukrain...
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.