Russia is said to be imposing restrictions on the export of wheat, corn, and barley from mid-February onward. The move follows restrictions on soybean exports and other products may incur informal hurdles to sales abroad. The goal is to stem domestic food price inflation. Restrictions on soybeans and corn will have little impact on global markets since Russia is a relatively small supplier. Restrictions on wheat would have an impact under certain circumstances given that Russia supplies one-fifth of world’s wheat, but 40 percent of world production is already sitting as a surplus. The one crop where Russia could have impact is in the price of barley. Only about 12 percent of global barley production is in surplus and Russia has...
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...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
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.