The market in Bulgaria and Romania remains quiet as farmers refuse to sell wheat at current market levels that are about $20/MT below their target. Milling Wheat The Black Sea market is slightly firmer due to easing harvest pressure. Demand remains very slow, especially for the deferred positions. The Russian currency is strengthening against that of the U.S., gaining 3 percent in one week at 66 rubles per USD. That is contributing to the more stable prices (in USD), which seem to have bottomed. They are currently close to the production cost (even below in the regions more distant from the sea ports), and farmers are not motivated to sell any more than is needed to cover their immediate expenses.The EU allocated 525,000 MT of wheat...
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.