News Updates EGYPT COMMENTS Egypt's GASC was back in the wheat market, booking another 235,000 MT of wheat as of last Thursday. This included 120,000 MT of Russian wheat, 60,000 MT of French wheat and the balance from Ukraine. The Russian wheat was about $350/MT, as was the French, and the Ukrainian wheat was at $345/MT. GASC now has bought more than 1 MMT of wheat in the last 15 days, which experts say is due to the concern that Black Sea wheat will soon be in very short supply. Canadian and U.S. wheat also were offered under the tender, but the prices were too high -- about $10/MT extra plus the additional $10/MT in freight to Egypt. There were also a number of offers from France, but since some were two-port load offers, the total frei...
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.