Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Turkey says it will be a “key player in global grain” with plans to greatly expand storage/handling facilities and a long-term goal of becoming a hub for grain shipments out of the Black Sea region. It has been a major wheat flour exporter for several years and expects to continue increasing those exports. Egypt has advised wheat farmers that the government will not buy any local stocks that do not meet required specifications. There has apparently been a problem with them trying to deliver wheat with higher moisture than allowed. The recent USDA-FAS report on the UAE seems to hold few (if any) surprises. For 2019/20, wheat and barley imports are forecast to be similar to l...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
Crop Conditions-Argentina Corn Corn planting in Argentina has reached 47.3 percent of the projected 8.4 Mha, advancing 7.5 percentage points over the week and running 12.3 points ahead of last season, partly due to a larger early-planted area. Fieldwork gained momentum across western and southe...
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.