Considering the large carryover stocks in Russia at the start of this season, the combined exportable surplus in 2015/16 in Russia and Ukraine should be about 8 MMT higher than last year. Milling Wheat The milling wheat market in the Black Sea region remains under pressure since buyers are well covered for immediate needs and they have no incentive to cover deferred positions in a falling market. The crop in Russia is estimated at 61 MMT (versus 58 MMT last year) and the crop in Ukraine is estimated at 24 MMT (versus 22 MMT last year). Considering the large carryover stocks in Russia at the start of this season, the combined exportable surplus in 2015/16 in Russia and Ukraine should be about 8 MMT higher than last year. The Egyptian Gene...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.