While Argentine feed wheat is trading at $155 FOB, which makes it the world’s cheapest feed wheat/grain, most EU importers are not willing to purchase it because of a specific concern. Milling Wheat The Black Sea market, which is usually very quiet during the year-end holidays, is weaker due to the absence of buying interests. The holidays continue in Ukraine and Russia until 11 January, and not much activity is expected during the next two weeks. The weather in Eastern Europe was cold last week with temperatures reaching -20°C. Most of the region is now covered with snow, however, and there is no real risk of winterkill. The Russian ruble continues to erode versus the U.S. dollar as it reached 73 RUB/USD, but that is keeping Russia’s dom...
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.