Milling Wheat The market in the Black Sea is slightly weaker due to the sharp fall of the U.S. and EU markets following yesterday's bearish USDA report.Tunisia bought two cargoes of optional origin wheat at around $277 CNF.Algeria's state grain agency, OAIC, bought 300,000 MT of optional origin wheat at $277/278.The Egyptian GASC is in the market for a minimum 60,000 MT of optional origin wheat. The result will be known later this afternoon.The EU allocated 168,000 MT of export licenses this week, bringing the total for the season to 7.5 MMT versus 11.9 MMT allocated at the same time last year.The market in Bulgaria and Romania remained unchanged after the USDA report. The farmers are not in a hurry to sell wheat, as the main priority is...
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.