Milling Wheat The Black Sea market remained about unchanged last week. The weather in Russia improved for the spring wheat harvesting in Siberia but remained dry in the south at a critical time for the winter wheat’s early development. The Egyptian GASC bought 180 KMT of Russian wheat last week at an average $253.25/MT CNF for 1-10 December shipment. The price was about $8/MT more than the tender held two weeks earlier. There were several offers for Romanian origin with one each for Ukrainian and French, but all were priced about $5-10/MT higher than the Russian stocks purchased. Tunisia bought 25 KMT of optional origin wheat at $249.11/MT CNF for November shipment, up $17/MT versus the 14 September tender. The market in Romania a...
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...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.