Russian Grain Markets: 21–25 August 2023 Russian grain markets remained under pressure from a good crop, however, export duties decreased to allow at least some bullish movement on the domestic market. The global prices are relatively stable, and exporters cannot afford to offer a much better premium. In fact, a recent GASC tender was a head-turner as Romanian wheat offers were quite low which means that Russia cannot expect an easy ride. Competition for GASC tenders will continue. Global wheat pricing is stable because of a good crop in the EU, Ukraine, and Russia and it is becoming more and more difficult for Russia to win international tenders as prices seem to have reached the peak for now. The spread between EU wheat and...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is reported to have completed its rail link from the border with Afghanistan to the Iranian port of Chabahar on the Gulf of Oman — the link is expected to be fully operational in early 2027. This will be Afghanistan&rsq...
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.