Milling Wheat The market in the Black Sea remained nearly unchanged this week despite the volatility in the U.S. futures. The focus is progressively shifting towards the new crop. At $255 FOB, the new crop Russian 11.5 percent protein wheat is about $20 cheaper than the French, but it's about $5 more expensive than U.S. SRW.In an effort to keep the domestic market stable, the Russian government sold 147,000 MT of grains this week from the intervention stocks.The EU allocated 279,000 MT of wheat export licenses this week, bringing the total for the campaign to 11.1 MMT. The cumulated export licenses on the same date last year were 16.2 MMT.The weather in Bulgaria and Romania is favorable for winter wheat development. The region received a...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.