Russian Grain Markets: 1-5 April 2019 Domestic grain prices fluctuated in RUB expression but decreased in USD expression due to the weaker ruble. The average milling wheat sea export price was unchanged at $226/MT FOB Black Sea, but purchase prices grew in RUB expression and decreased in USD expression to $198-200/MT CPT-Black Sea port. The average feed barley export price declined to $198/MT FOB, and the average purchase price fell to $168/MT CPT-Black Sea port. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central (-RUB 95/MT), Black Soil (-RUB 40/MT) and Volga Valley (-RUB20/MT) but grew in Ural (+RUB 60/MT). Meanwhile, they were unchanged in the South and Siberia. 4th grade soft milling wheat prices fell in Centra...
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.