Milling Wheat The cash market in the Black Sea remained about unchanged despite the U.S. and EU futures markets’ sharp rally. Crop conditions in Russia and Ukraine are generally considered as good, although there are dry regions in both countries where the wheat is starting to suffer from a lack of moisture. The weather in coming weeks will be crucial to the final yield and quality. USDA’s estimate of 72 MMT for the Russian crop was considered very conservative on the day of the WASDE report’s release. Today, however, that number seems much closer to the trade estimate than it did two weeks ago. The EU reported weekly exports of 219,000 MT, bringing the total to 17.7 MMT versus 22.3 MMT at the same date last year. The EU...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.