Although both Romania and Bulgaria planted about 10 percent less wheat this past fall because of the excessive rains, the crops may be very similar to last year due to the significantly higher yields. Milling Wheat The Black Sea market remained close to unchanged last week. The harvest in southern Russia and Ukraine is slightly delayed due to the recent rains. Consequently, exporters are concerned about the execution of the July shipments. The reported quality from the start of the harvest in both countries is rather disappointing. Local analysts and traders in Ukraine are estimating the milling wheat versus feed wheat ratio at 60/40 this year., Based on the current price of $200/MT FOB, the export tax for Russian wheat 12.5 percent prote...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.