Wheat Exporters have already bought 8 MMT of the 2021/22 crop, out of an export surplus that should be at least 12 MMT, given a 21-MMT crop. Over the past few weeks, they have declared exports sales regularly until the total registered volume reached 9 MMT about 10 days ago. Since then, no firm has registered a single kilogram of additional export sales declarations. Is this a coincidence? WPI doesn’t think so. It seems to be the effect of some phone calls from government authorities to exporters. Government intervention is always bad and depresses prices but doing it when there is anticipation of a large crop to be harvested and exporters need to buy only 1 MMT of additional crop, it’s terrible. Also, why intervene at 9...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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...
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.