Wheat Argentina’s wheat outlook for the 2023/24 season continues to worsen and fall below expectations. The lack of rainfall in the western areas of Buenos Aires province, the northern and western nucleus region, and Cordoba is hindering farmers’ ability to sow fields. Many farms either lack the moisture to sow or have only superficial moisture. Indeed, when one looks at the soil moisture profiles at one or two meters deep, the soils are dry. The costs of planting wheat are too high for farmers. Both the estimated sown area and the total expected production for Argentina’s coming wheat crop have started to decline. As an example, the province of Cordoba will sow its smallest area in the last 10 years (870,000 ha), which...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.