The wheat market can’t break out of its narrow trading range of three months despite some positive world wheat fundamentals. The problem is that the pace of U.S. wheat export sales has not improved to reflect any of the crop problems among the other major wheat-exporting countries. Russia continues to be a major player, although it does seem to be losing its solid grip on markets like Egypt, which has purchased U.S. wheat in its past few tenders. While there have also been reports of tightening supplies at Russia’s major wheat export facilities, the government hasn’t said anything about restricting those shipments. A side story worth noting is that the winter wheat crop there wasn’t planted under very good conditions...
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.