Romania usually exports a very limited volume of feed wheat as the average protein level is above 11.5 percent and gluten is usually above 25 percent. However, feed wheat's share of total exports could rise significantly this year. Milling Wheat The Black Sea market is under pressure as the region's harvest is progressing and farmer selling is growing every day. At the current price for August shipment, Russian wheat should generate only the minimal 50 ruble ($0.90) export tax. The harvest in Ukraine and southern Russia is slow due to the excessive rains persisting during the past two weeks. The quality in Ukraine is reported to be lower than the five-year average, and there are increasingly more offers in the market for its feed wh...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.