Milling Wheat The offers for Ukrainian and Russian wheat practically have disappeared due to the lack of farmers selling and bad weather in ports. Part of the winter wheat crop in Russia and Ukraine is still vulnerable to frost because there are regions without an adequate snow cover. The weather in the next few weeks will be crucial for winter wheat development.Egypt's GASC purchased 180,000 MT of U.S. SRW this week at $334.60 FOB with $24.70 freight. The cheapest offer for French wheat was at $348 and there were no offers for any other origins. GASC has to buy about 1 MMT of additional wheat before the end of the current campaign. Considering the tight EU wheat balance, the majority of the future purchases will be from the United State...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.