The EU allocated 505,000 MT of wheat export licenses last week, bringing the total to 21.3 MMT versus 20.8 MMT at the same time in 2014. At the current pace, the EU's exports will probably not exceed 30 MMT compared with last year's 29 MMT. Milling Wheat The Black Sea market is extremely quiet. Demand is difficult to find, and consumers are generally well-covered until the new crop. The harvest in North Africa usually starts in April. Russian and Ukrainian wheat (for limited volume) is now offered in line with the French and German origins. The market focus is shifting toward the new crop. The weather in Russia will be closely monitored during the coming weeks as the accumulated precipitation since the fall is well below the normal level...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.