Milling Wheat The Black Sea market remained about unchanged last week. The focus is on the new crop conditions in Russia and Ukraine. The drought is persisting in southern Russia and Ukraine, while the rains in northern Russia are still delaying the planting of spring wheat. Most estimates have Russia’s crop at 67-73 MMT (versus last year’s 85 MMT) and Ukraine’s at around 25 MMT (against last year’s 26 MMT). The EU reported that 167,000 MT were exported last week, bringing the total to 19.9 MMT versus 23.1 MMT on the same date last year. The French wheat exports in April totaled 2 MMT (including 1.2 MMT to third countries and 0.8 MMT to EU destinations), according to the customs data released today. This is about 0...
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: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.