The announced deal with Russia was a major force on the market today. The quad (Ukraine, Russia, Turkey, the UN) signed an agreement providing a possible pathway for Ukrainian grain and oilseed exports. The deal means that 22 MMT Ukrainian grain and oilseeds could be exported via the Black Sea over a 3-4 month period. Critically, this will free up storage for the next crop being grown this summer. Russia’s concession still needs to be analyzed for its intent, weighed for its potential to fall apart. The rationale is that Moscow wants relief for its own exporting hurdles caused by Western sanctions. U.S. banks have not stopped financing Russia’s crop export efforts and the Treasury Department’s OFAC issued a notice s...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.