Milling Wheat The Black Sea wheat market is very quiet. The old crop market is now completely disregarded, and the focus has switched to the weather development and new crop prospects. After a long period of dry weather, rains finally have started to fall over Ukraine and parts of southern Russia. The extent and coverage of these rains will be crucial for the final yields. New crop Russian/Ukrainian wheat is competitive, but the discount against French wheat and the U.S. SRW is smaller than the normal historical level at this time of the year.The weather in Bulgaria and Romania is generally favorable for winter wheat development. After a dry period of 15 days, rains have returned this week with prospects for good coverage today and tomor...
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.