News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Australia reports that the largest ever single shipment of barley (77,000 MT) has been sent to Saudi Arabia from Western Australia on the Minoan Falcon.France indicated that it will export 19 MMT of soft wheat flour for 2013/14, which is an increase of just over 1 MMT from last year. 7.25 MMT of the total will be exported to other EU countries with the balance of just under 12 MMT going to world markets. The majority of France's soft wheat exports go to North African markets. It is also forecasting exports of 1.9 MMT of feed barley, most of which will go to North Africa and Saudi Arabia.The International Monetary Fund (IMF) has said that technical work with Egypt is continuing and th...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.