Strong grain demand from the Middle East and North Africa (MENA) is overwhelming Russia’s port facilities, pushing the government there to expand and modernize them. Two factors have made these Russian stocks very price competitive in the region. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Abu Dhabi’s Al Dahra Agriculture has purchased Australia-based Glenvar Hay Ltd., an exporter to Asia and the Middle East that has been in the grain, straw and hay business for 90 years. Al Dahra is also an exporter of hay and other forage items from the U.S. and Italy.Strong grain demand from the Middle East and North Africa (MENA) is overwhelming Russia’s port facilities. This is pushing the government there to expand and modernize, and...
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.