Milling Wheat The Black Sea market remained stable for the old crop positions last week. However, it was firmer for the new crop despite the ruble’s weakness, most probably due to the uncertainty regarding the size of its output. The spread (inverse) between those two crops is eroding and now at only about $7 after being approximately $15 two weeks ago. It remains generally dry over a major part of southern Russia. The wheat will be under stress with the yield potential deteriorating significantly if those areas do not receive rains in the next two weeks. The EU reported that 249,000 MT were exported last week, bringing the total to 16.6 MMT versus 21.3 MMT at the same time a year ago. The weaker EUR is making this origin more compe...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.