Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Gemcorp Commodities is reportedly supplying 200,000 MT of Russian wheat to Ethiopia with the results of a recent tender. Shipment will be of 11.5 percent protein wheat. Gemcorp supplied Ukraine and Argentina wheat to Ethiopia in 2019. Gemcorp is said to have a structured trade finance program that should appeal to cash-poor wheat buyers in Africa. Egypt’s government has purchased 3 MMT of local wheat on the way to its target total of 3.6 MMT. Iran’s government said that 2020/21 wheat production (to March 2021) will reach 14 MMT. They also state that one third of the wheat area is irrigated with the balance depending on rainfall. Iran adds that they will be s...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.