New crop (July/August) feed wheat is offered at $170 FOB in Ukraine and Bulgaria. Bulgarian origin has a €12 advantage over the Ukrainian to EU destinations as the latter is subject to the import levy under the Tariff-Rate Quota (TRQ) and thus likely headed mainly to Southeast Asia. Milling Wheat The Black Sea market was quiet last week in the absence of farmer selling as the old crop export program from Russia and Ukraine is almost over. The available volume of old crop 12.5 pro Russian wheat is very limited, and that of the new crop (July/August) is offered at $180 FOB or about $15 discount to the old crop. The buyers/consumers are still reluctant to start buying new crop positions as they expect the harvest pressure to push prices sign...
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.