The corn market in the Black Sea is under heavy pressure due to the strong competition from Brazil and Argentina. The price for new crop (October/November) lost more than $10 in two weeks. Milling Wheat The Black Sea market is under pressure because of increasing farmer selling and limited demand from the major destinations. The winter wheat harvest in Ukraine and southern Russia is approximately 70 percent completed with reported yields that are in line with expectations. However, the quality is slightly below last year's level in Russia and significantly lower in Ukraine where more than 60 percent of the harvested wheat is feed grade.Egypt's GASC purchased 175,000 MT of Russian wheat last week at an average price of $205.37/MT CNF or a...
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.