Ukraine has announced an export stoppage for various agricultural commodities, including for oats, and Russia said it would restrict exports to certain markets but has not specified what or where. USDA today cut its forecast for wheat exports from these two major suppliers. The WASDE report raised the market average price for oats from $4.00/bushel to $4.20/bushel. The value of oats are now up over 50 percent from last year, rising from $122.15/MT to $185.19/MT for 2022/23. Mid-session today, March oat futures are up almost 10 percent but there are declines in the deferred. Although Russia and Ukraine collectively supply just 7 percent of global oats, the stocks to use ratio is just 9.6 percent. Mitigating some of the impact is the fact th...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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.