Farmers in Romania and Bulgaria refuse to sell wheat at the current export parity, and the only trades reported in the domestic market are purchases from local millers. The two countries have a combined remaining surplus of approximately 3 MMT. Milling Wheat The Black Sea market was weaker following the collapse of the U.S and EU markets. France and Germany became the most competitive wheat origins for all destinations in Africa, the Middle East and Asia. Exports from Russia have been at a record-high level for the first 10 weeks of the campaign. 9 MMT (or about half of the surplus) have already been shipped. The harvest pressure in Russia is now calming down.Egypt's GASC purchased 180,000 MT of French wheat and 55,000 MT of U.S. SRW last...
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.