Milling Wheat The Black Sea market was slightly firmer last week on slower farmer selling. Domestic prices in Russia were about $1-2MT higher, and the export pace from there is slowing due to the shrinking surplus and winter conditions. Those exports totaled approximately 500 KMT for the first week of December versus a weekly average of about 1 MMT during the past four months. Conditions reports on the Russian winter wheat indicate the percentage of the crop considered to be in good-to-excellent conditions is smaller than the same time last year as well as the five-year average due to the dryer-than-normal weather during the fall. The Egyptian GASC bought 290 KMT of Russian wheat and 60 KMT of Ukrainian origin in a tender last week, payin...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.