[Note: The Russian grain and oilseed market information that regularly appears here was unavailable today. We hope to have an update in next week’s report.] Russia: Harvest Update According to the Russian Ministry of Agriculture, 136 MMT of grain were harvested from 45.4 million hectares (96.5 percent of the target) as of 6 November. (For reference, 120.5 MMT were produced from 45.2 million hectares a year ago.) This included 88 MMT of wheat from 27.4 million hectares, 21.7 MMT of barley from 7.7 million hectares and 9.1 MMT of corn from 1.9 million hectares. Also harvested were 8.3 MMT of sunflower from 5.4 million hectares, 1.6 MMT of rapeseed from 899,400 hectares and 3.4 MMT of soybeans from 2.3 million hectares. ...
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.