The Romanian and Bulgarian wheat harvest has finally been completed after a long delay due to the excessive rainfall in July and early August. Quality has been significantly damaged by the rains with generally low test weight and falling numbers. Milling Wheat The Black Sea market is close to unchanged with a very limited volume of trades reported. The conflict in eastern Ukraine and the EU/U.S. sanctions against Russia have had no real impact on the cash market so far.The EU allocated 532,000 MT of wheat export licenses last week, bringing the total to 1.8 MMT versus 2 MMT distributed at the same time last year.The Romanian and Bulgarian harvest haven finally been completed after a long delay due to the excessive rainfall in July and ear...
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.