Although old crop wheat on the Black Sea market is now offered at competitive levels versus French and German origins, demand is very difficult to find. Meanwhile, the level of precipitation in southern Russia is expected to impact the current crop production. Milling Wheat The Black Sea market was quiet last week. Old crop wheat is now offered at competitive levels versus French and German origins. However, demand is very difficult to find. New crop (July) 12.5 percent protein Russian wheat traded at $206/MT on Friday after trading at $193-$195/MT a few days earlier. The market is closely monitoring weather developments in Russia and Ukraine. The cumulated precipitation in southern Russia remains well below the normal level. Estimates of...
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.