Most analysts are now predicting that the 2014 Russian and Ukrainian crops will be higher than last year with Russia's estimated at 52-54 MMT and Ukraine's at 22-23 MMT. The combined exportable surplus is forecast at 28-29 MMT. Milling Wheat The Black Sea market remained close to unchanged last week. The harvest has begun in parts of Ukraine and southern Russia, although the volume is very small, and there is no harvest pressure yet. Weather in Eastern Europe remains favorable for the maturing of crops and the early harvest. Most analysts are now predicting that the 2014 Russian and Ukrainian crops will be higher than last year. Russia's is estimated at 52-54 MMT and Ukraine's at 22-23 MMT. The combined exportable surplus is forecast at 2...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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.