After three weeks of incessant rains, the yield and quality of the wheat in the western regions of Bulgaria and Romania have been affected significantly. Forecasts for both countries' crops have been downwardly revised as a result. Milling Wheat The Black Sea market is slightly firmer due to increased buying interest following the wheat quality problems in the EU. Russia's wheat crop is now estimated at 60 MMT, compared with 52 MMT last year. The Ukrainian crop is estimated at 21.5 MMT, which is unchanged from last year. However, the percentage of feed wheat is considerably larger.The EU allocated 540,000 MT of wheat export licenses last week, bringing the total to 1.3 MMT versus 1.6 MMT at the same time last year.Egypt's GASC purchased 1...
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.