Milling Wheat The Black Sea market is slightly weaker than last week. The weather in Ukraine and southern Russia may not be as good as a year ago, but a large portion of the dry areas there received rains last week and will continue to do so this week. Since March, the cumulated precipitation in Eastern Europe is close to the historical average but much lower than last year. The crops in Russia and Ukraine are estimated at 72-80 MMT (versus 85 MMT last year) and 25-28 MMT (against 26.5 MMT last year), respectively. Russia has exported 35.5 MMT thus far The weekly average has been approximately 600,000 MT with seven weeks left before the end of the campaign. The EU reported that only 96,000 MT were exported last week, bringing the cumulate...
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.