News Updates EGYPT UPDATE At long last Egypt was back in the wheat market, validating the forecast of several experts. Egypt's GASC bought 120,000 MT of Russian wheat at $316.47 with freight at just under $11 MT. There was quite a range in prices, with the U.S. being about the highest at $355 MT FOB U.S. Gulf for soft red winter wheat. But even with the several Russian offers, there was quite a price spread from the low of $316 to a high of $337 MT. There was also some French at $334, and a little Ukrainian at $318 MT, but the Russian was the lowest priced.The newly appointed agriculture minister in Egypt has announced plans to reclaim up to 1 million acres of dessert land over the next five years, which is a very ambitious program that m...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.