Regional News Ukraine’s grain exports for MY 2021/22 total 33.5 MMT, up 23 percent from the same period last year. Of that, wheat accounts for 24.5 MMT with corn exports totaling 30.9 MMT and barely totaling 5.2 MMT. Milling Wheat The two biggest wheat market surprises these past few weeks were the persistent weakness in U.S. values and the huge discount French wheat held to other origins in the latest Egyptian purchase. U.S. futures have fallen steadily since mid-December, except for rallies Friday and Monday. The weakness was in response to slow U.S. exports as well as diminishing weather threats for the crop in the southern Plains. U.S. wheat futures have also been on the defensive as China has consistently pur...
Key Takeaways: Harvest pressure is fundamentally a timing issue: supply arrives much faster than demand can adjust, creating temporary weakness that can occur across crops and regions. The intensity of that pressure depends less on crop size alone than on how quickly grain moves into the syste...
Wheat Argentina Argentina’s wheat conditions improved following the latest round of rainfall. Around 34 percent of the crop is now at heading or later stages, with the first harvests starting in the north and early yields coming in above historical averages. The area rated Good to Excelle...
What You Need to Know Today: The G7 agreed to release 100 million barrels of crude oil and fuel reserves over four months, with a substantial diesel release front-loaded into the first 20 days. The announcement initially pushed crude oil lower on Friday, although it later recovered a portion o...
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.