Searching for a bullish wheat story over several months has been challenging. There was a six-week rally in wheat last June and July, but futures have dropped back to new contract lows in the past few weeks. Much smaller crops in several major exporting countries were offset by the mammoth Russian crop. Russia can’t satisfy all of the world’s wheat demand, but the market hasn’t figured that out yet. This week’s increase in Canada’s wheat production estimate was another bearish factor that killed the recent, very small mini-rally. As luck would have it, a bullish wheat story did emerge in the “Commodity Corner” section of the 27 November issue of Barron’s. The recommendation in the article is...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.