Milling Wheat The Black Sea market remained unchanged from last week. The mood is still bearish and the buyers/consumers of the main Mediterranean importing countries are reluctant to cover their needs for the forward positions. The price of Black Sea wheat is already attractive enough compared to the other origins to capture demand in North Africa, the Middle East and parts of Asia. A decline of another $5-$10/MT will not significantly increase demand. Black Sea wheat will not break hard from the current levels without a sharp decline in French and U.S. wheat prices.Algeria bought 500,000 MT of French wheat at $269/MT, Iran bought 450,000 MT including 250,000 MT of Russian wheat at $295/MT, and Pakistan bought 250,000 MT of Black Sea...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.