The market in Spain was quiet last week with local old crop barley being the cheapest available feed grain. The feed wheat there is competitive versus corn for July-September, but it is more attractive for a different period. Milling Wheat The Black Sea market was very quiet last week. Russian farmer selling remains slow despite the $15 inverse between the old and new crop prices. That pace will probably continue even in the new crop as the FOB Novorossiysk price for July is about 13 percent below what it was for the same shipment period last year in terms of RUB, although it is similar in USD. This reflects the RUB’s 13 percent appreciation against the USD in one year.The EU exported 322,000 MT of wheat last week, bringing the accumulate...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.