Milling Wheat The Black Sea market was weaker last week in the absence of fresh demand. Consumers in the major destinations are more or less covered until the end of the current campaign. The new crop (August) Russian wheat offer is $30/MT below that of old crop (May). This big inverse gives consumers a strong incentive to hold minimum possible stocks at the junction between the two campaigns. Meanwhile, weather in southern Russia and Ukraine remains generally favorable for winter wheat development. The next rains there are expected to start next weekend. The market in Romania and Bulgaria is under pressure as farmers and local traders are liquidating the balance of their long positions. However, buying interests are difficult to find. T...
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.