Milling Wheat The Black Sea market continued to be about unchanged last week. Domestic prices in Russia increased $1-4 in the main production regions. A bottom has clearly been formed. However, the remaining surplus is record high for this time of year, and the upside potential is rather limited. If the Russian wheat price goes up $5-10 versus other origins, a significant volume of world demand would shift to France, Argentina, Northern Europe and the U.S. Russia’s balance sheet cannot afford that. It has exported close to 20 MMT in the first half the campaign, and another 15 MMT will be required during the second half if stocks are to be brought down to a manageable level before the new crop arrives. The EU exported only 156,000 MT...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.