Milling Wheat The Black Sea wheat market is firmer. The domestic market in Russia has rallied to levels that are above the export parity. This is logical considering that Russia already has exported about 8 MMT of grains since the start of the campaign from the theoretical 10 MMT surplus. The Russian government didn't have to implement any export restrictions thus far since it was a function of the market to shut down exports, and this is exactly what is happening now. Just two weeks ago the government was ready to buy wheat for the intervention stocks in case the rapid export pace began to threaten the domestic balance. However, domestic prices have rallied so sharply in the last 10 days that the government is now preparing to sell whea...
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.