Russian and Ukrainian wheat has lost competitiveness to the French, German, Polish and other Baltic origins. Russia has exported about 10 MMT of wheat since the start of the new campaign, less than 50 percent of the estimated surplus. Milling Wheat The Black Sea market was quiet last week. Russian and Ukrainian wheat has lost competitiveness to the French, German, Polish and other Baltic origins. As a result, the domestic market in Russia is under pressure. That country has exported about 10 MMT of wheat since the start of the new campaign, less than 50 percent of the estimated surplus. Assuming that the crop there is over 60 MMT, the resulting minimum surplus is 22 MMT.The EU allocated 613,000 MT of wheat export licenses last week, bring...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.