Milling Wheat The Black Sea market is steady without much pressure from farmers and exporters. Russia is expected to export 16 MMT of wheat in 2013/14 (5 MMT more than in 2012/13). However, Russian wheat is not under the same pressure as it was at the same time last year. The Russian/Ukrainian 11.5 percent protein wheat is currently discounted $5 against French wheat on a CNF Egypt basis, while at the same time last year the discount was around $25. Last year, the Russian exporters were in a rush to ship the maximum possible volume as early as possible as there was a significant risk that the government might implement some sort of export restrictions because of the adverse weather in the summer and early fall. There are no such fears...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.