Milling Wheat The Black Sea market continued to stay about unchanged last week. Russian exports will reach close to 15 MMT for the first four months of the campaign, which is significantly more than last year. If that higher pace of exports is maintained in the coming months versus last year, the estimates of a total 32-33 MMT will no longer seem excessively optimistic. According to local analysts, 35 MMT are the absolute maximum if all the ports work at full capacity, taking into account the barley and corn export programs. Considering that the full capacity is difficult to achieve in winter months, 33 MMT seems to be a reasonable number without extreme adverse weather during that period. In an effort to support domestic prices, the Russi...
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.