Negotiations are ongoing between the UN, Turkey, and Russia for extending the Black Sea grain corridor agreement beyond its scheduled expiration this coming Saturday. The Russians are demanding the removal of Western financial hurdles to their own trade, and the U.S. and EU have reportedly provided written assurances. All seemed to be on a path for resolution until… Wheat had been trading negative all session, with corn and soybeans looking lackluster. However, news broke late in the session that Moscow’s aggressive missile attacks on Ukraine included one veering into NATO member Poland and killing two people. Jets were reportedly scrambled, and Russia had also knocked power out in Moldova. The ugly situation was enough to sen...
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.