Bulgarian feed wheat was competitive against Ukrainian last week when the EUR/USD was below 1.06. With that rate close to 1.085 today, however, the Bulgarian is now about $2-3 more expensive. Milling Wheat The Black Sea market remained about unchanged last week with very limited trading activity. Winter wheat conditions in Ukraine and southern Russia have improved significantly versus early November as the precipitation during the last five weeks has been close to normal with higher-than-normal temperatures for the season.The EU allocated 1 MMT of wheat export licenses last week, bringing the total to 9.8 MMT compared with 12.8 MMT at the same time last year.The market in Romania and Bulgaria was very quiet last week. About 200,000 MT of...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.