Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan’s Karachi port says that it has handled 2.5 MMT of imported wheat in the last four months. Wheat imports were mainly from Ukraine, Russia, and Germany. 200,000 MT of wheat has been discharged in February so far with another two vessels of 120,000 MT in total waiting to berth. The Trading Corporation of Pakistan reports opening a new tender for 300,000 MT of milling wheat – the tender closes on 2 March. The government of Pakistan’s Punjab province is considering changing to a competitive bidding system rather than assigned quotas for the release of wheat supplies to local wheat millers. There have long been complaints about the quota system --...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.