Milling Wheat The Black Sea market remained about unchanged last week. Russia continues to export about 1 MMT of wheat per week, and the total since the start of the campaign is nearing 20 MMT. Winter is approaching, and the expected freeze in about a week could complicate interior logistics as well as slow the export pace. The USD has rallied sharply against the EUR today. Consequently, EU wheat is more competitive versus Black Sea origin, but Russian wheat remains the cheapest for the major destinations. The market in Romania and Bulgaria was also unchanged last week, although the weaker EUR and lower prices in USD will certainly attract more buying interest for both countries’ wheat in the coming days/weeks. The winter wheat con...
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.