MEDITERRANEAN/MIDDLE EAST COMMENTS Saudi Arabia and the UAE have announced that they will provide more wheat to Sudan – a total of 540,000 MT of wheat has been pledged with more than 200,000 MT shipped to date. Both countries have set up an aid package of about $3 billion for the economic and financial stability of Sudan. The latest FAO report on Saudi Arabia forecasts that cereal imports will increase about 15 percent to 17.4 million MT – barley at 7.7 MMT and corn at 5.2 MMT along with wheat at about 3.2 MMT and rice at 1.3 MMT. Saudi’s local grain production will reach 1.0 MMT – 700,000 MT of wheat, 180,000 MT of sorghum and about 90,000 MT of corn. Wheat production is up by 200,000 MT due to the new gover...
Key Takeaways: The situation in the Arab Gulf is little changed this week, which is to say it is a day-by-day – and sometimes hour-by-hour – judgment call as to what is or will happen. There are some vessels transiting the Strait of Hormuz, but transits are a fraction of what they...
Grains posted strong gains today, putting the bulls firmly in the driver’s seat. There was no shortage of fuel for the move, with three W’s driving the rally: weather, war and worry. Weather: Cooler temperatures are temporarily easing stress across the Northern Plains and Midwest, b...
Key Takeaways: Global and U.S. cotton demand has struggled since the post-COVID-19 pandemic surge, which has left cotton prices drifting lower in the U.S. The war in Iran and the closure of the Strait of Hormuz, along with their impact on global energy markets, could boost cotton demand...
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.