Russian Grain Markets: 24-28 September 2018 Prices moved in different directions during the week in review, but the average prices increased, especially in USD expression due to strengthening of the ruble. While milling wheat export prices grew $8/MT to $230/MT FOB Black Sea, purchase prices at seaports remained stable in RUB expression but rose in USD expression to $193.5/MT CPT-Black Sea port. The average feed barley export price remained at $236/MT FOB, and the average CPT-Black Sea port price was stable in RUB expression but increased in USD expression to $201/MT. The average corn export price grew to $188/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices increased in Central and Black Soil (+$0.10-0.50/MT), the South (+$4...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.