Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS News reports concerning a possible ADM/Bunge merger have raised questions about the future of G3 Canada, the Saudi Arabia SALIC and Bunge joint grain handling venture. However, there doesn’t seem to be much reason for concern yet since the joint venture’s Canadian locations would seem to be just as valuable to ADM as they are to Bunge/Salic, although there could be some overlap of facilities. Ukrainian corn exports to the Middle East/Africa (MEA) region have declined this crop year as more are being shipped to China as well as Asian destinations. Shipments to Iran have dropped by 800,000 MT with sales to Egypt and Tunisia down 77 percent and 35 percent, respectively. Reports...
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.