Regional News Algeria bought 600 KMT of wheat in its tender that closed on Monday, buying the full volume permitted, and prices are rumored to be near $263/MT C&F. Traders suspect much of the wheat is Black Sea-origin, given the diplomatic tensions between Paris and Algiers right now. Rumors indicate that, contrary to Algeria’s 8 October tender, French traders were invited to participate in this latest tender but that they could only offer non-French wheat.Iran’s Ministry of Agriculture reports that its local wheat crop will be sufficient to meet the country’s demand for 2024/25, which will allow the country to suspend its large purchases of Russian wheat.Europe is set to see two weeks of above-average temperature and below-average...
What You Need to Know Today: The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facili...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
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.