Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Hoboob, the Syrian grain agency, has reportedly bought 200,000 MT of soft wheat at $195/MT CNF. The sale is said to have been made by a Middle Eastern grain company with origin expected to be from the Black Sea. Comments in the trade are that the price indicated is below the current international price, which may mean that the information provided is not accurate. Egypt recently bought similar wheat at a price that was about $22/MT higher. Syria is expected to import about 1.5 MMT of wheat in 2018. Saudi Arabian farmers are back in the wheat business with the Saudi Arabian Grains Organization (SAGO) saying that it will buy up to 700,000 MT of local wheat annually for the next five years...
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.