Milling Wheat The Black Sea market was again stable last week. Russia finally received some long-awaited rains, and wheat conditions there have improved. Its exports will certainly reach 25 MMT before the end of the calendar year, and estimates of the final total are still within a wide range of 28-35 MMT. The volume of exportable surplus remaining after the New Year will be key to the price direction in coming months. Saudi Arabia’s SAGO bought 495,000 KMT of optional origin (excluding Black Sea) for January-March delivery at an average price of $267.85/MT, significantly lower than the previous tender of two months ago. Argentina is the cheapest origin on paper, but the quality is uncertain following the recent excessive rains ther...
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.