Wheat Argentina's wheat planting advanced another 7 percentage points over the past week, with 87.9 percent of the projected 6.5 Mha now seeded. Planting is entering its final stage across the central and northern production regions, except for parts of north-central Santa Fe, where excessive soil moisture continues to limit field access. Further south, poor field trafficability remains a more widespread issue, with between 20 percent and 40 percent of the intended area still to be planted across the main producing regions. Although progress remains 3.1 percentage points behind last year, it is still running 12.2 percentage points ahead of the historical average. Crop development varies significantly across the country, ranging from the fir...
What You Need to Know Today: Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show n...
Macro: Trade Flows Set the Tone Persian Gulf crude flows appear to be improving, with anecdotal estimates suggesting as much as 7–8 million barrels per day may now be leaving the region — nearly double the mid-July pace. That helps explain why crude has not maintained the full geopo...
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.