Ukraine has successfully sent a few ships filled with grain out the Black Sea the past few weeks, but it is unlikely to transit the 33 MMT achieved under the now defunct grain corridor agreement with Russia. Meanwhile, Russia is attacking Ukraine’s sea and river ports including hammering Odessa this past weekend. Grain must bypass wrecked terminals and be loaded manually. At the same time Ukraine’s sea borne cargoes are threatened, Poland, Hungary and Slovakia have said the grain cannot move via their territory to protect their own farmers’ economics. The EU reports that only a third of the Ukrainian grain previously moved via its solidarity lanes has made passage. This western overland passage was intended to...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
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.