After three months of constantly rising prices, the Black Sea milling wheat market has finally turned lower for several reasons. Meanwhile, Bulgarian feed wheat for July/August is the cheapest for Spain as it has an advantage over Ukrainian origin. Milling Wheat After three months of constantly rising prices, the Black Sea market has finally turned lower due to a combination of improving weather conditions and easier logistics as well as Russia’s lower ruble and eroding domestic market. The record-large stocks in Russia will certainly weigh on the market in the last quarter of the campaign. The new crop is developing under normal weather conditions in southern Russia and Ukraine and rated similarly to the same period last year. It’s still...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...
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.