The market in Romania and Bulgaria is very quiet. Farmers are still holding a large volume of wheat, but they prefer to wait for higher prices later in the campaign. The combined, remaining surplus in both countries is estimated at 3 MMT. Milling Wheat The Black Sea market is firmer in response to the strong rally of EU and U.S. wheat during the last few days. The slowing farmers' selling after the harvest pressure is certainly one of the main reasons behind this market correction following a very long period of declining prices.Egypt's GASC bought 120,000 MT of French wheat last week at $223.70/MT FOB (equivalent to $241.20 CNF). The lowest offer for Russian wheat was $238.74/MT. One cargo of Ukrainian wheat was offered at $230.84/MT.The...
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.