The Bulgarian feed wheat price has increased sharply since last week as it followed the MATIF wheat futures rally. Consequently, the spread between that and another feed grain CIF Spain has widened, which will certainly impact consumer demand. Milling Wheat The Black Sea market remained about unchanged last week. The farmer selling in Russia and Ukraine is very slow as is customary before the start of the harvest, which is expected to begin in the southern regions in about two weeks. The weather remains unstable in southern Russia with excessive rains that could affect the yield and quality of the wheat if they persist during the harvest period.Tunisia purchased 25,000 MT of optional wheat last week at $189.95/MT CNF for August shipment...
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: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.