The EU allocated 1.1 MMT of wheat export licenses last week, bringing the cumulated total to 11.4 MMT versus 13.6 MMT at the same time last year. The weekly volume was approximately twice the size of the previous week, mainly due to the sale of 800,000 MT to Algeria. Milling Wheat The Black Sea market is under pressure as there is not much demand for the coming months and the sales book for the first quarter of 2016 is much smaller than the export program in October-December 2015. The winter wheat in Ukraine and southern Russia is developing under normal conditions so far. There is not much snow on the ground yet and no risk of frost as the temperatures are still mild. A wave of cold air is expected to reach the region in about one week,...
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.