One of the larger shifts in global grain markets in recent years has been the result of the ascendency of the Black Sea region. However, there has also been the notable decline of the U.S. as a wheat exporter. The U.S. and EU have fallen from being the world’s number one and number two wheat exporters, to ranking number two and number five, respectively. By contrast, Russia has jumped from the number five position to being number one with a CAGR of 8.74 percent. Ukraine’s CAGR had been running at 6.81 percent until Russia’s invasion, which caused output and exports to fall by a third. Meanwhile, U.S. wheat yields have been stagnant. Due to the area under production declining by more than a fifth over the past decade...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.