The excessive rains that have persisted in Bulgaria and Romania for more than two months peaked last Thursday night. Farmers in the most severely affected areas are reporting lodging in 50-100 percent of the wheat, and there is no doubt that the quality and yield in those regions will be affected. Milling Wheat After six weeks of constant pressure, the trend in the Black Sea market has been reversed, at least momentarily, with today's FOB prices about $5/MT higher from the lows of early last week. Heavy rains in southern Russia, Bulgaria and Romania are causing quality concerns. Black Sea wheat is the most competitive origin in the world, and the volume traded to Asia, Africa and the Middle East for the first quarter of the campaign is im...
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...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.