Russian Grain Markets: 31 July–4 August 2023 The Russian grain market was predominantly bearish except for corn and rye. Weak domestic currency remains one of the major factors. You would think that with higher global prices, export prices in Russian seaports and riverports would follow suit. But there is one but in Russia – export duties. The government is quick to apply export duties and traders are not able to follow the global trends as they must take into consideration a higher tax. This week was no exception. Russian wheat was chosen again for a 2 August GASC tender showing 300,000 MT at $250 FOB Black Sea. A rough estimate shows that this deal alone will give the Russian government around $9,000,000 in expor...
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.