Milling Wheat Wheat prices are higher this week with declining Russian, Canadian, and U.S. spring wheat production prospects driving the rally. The plight of the U.S. and Canadian spring wheat crops has been known for months now but the situation is changing with stubbornly low Russian yields. The market had been looking to the Black Sea to offset the decrease in North American production, a hope that is diminishing quickly. Consultancy SovEcon pegged the Russian wheat crop at 76.4 MMT last week, down 5.9 MMT from its earlier estimates due to lower harvested area projections and declining yields. Russia’s ag ministry reported the average wheat yield was 5 percent lower at 3.48 MT/ha. USDA is expected to lower its estimat...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.