Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan has agreed that the transportation of 50,000 MT wheat from India to Afghanistan, via Pakistan, can be done using Afghan trucks. India had wanted to use Indian trucks and refused to agree to Pakistan trucks. Hopefully Afghan trucks will be a good compromise for both countries. Pakistan’s government has approved the purchase of 175,000 MT of imported wheat by the World Food Program (WFP). The wheat will be supplied by Pakistan’s PASSCO and will be used by the WFP in its food basket programs in Pakistan and Afghanistan. Turkey is sourcing wheat in a wide range of countries due to concerns over Russia’s wheat supply because of export taxes and possible...
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.