The new crop (August/September) Bulgarian feed wheat traded at around €146-€147 ($160-$161) FOB last week, but the offers have climbed to €149 today. The market in Spain traded at €154 CNF Spanish Mediterranean last Friday, although it is now difficult to find sellers to repeat that level. Milling Wheat The Black Sea market remained about unchanged last week. It’s easier to find offers for Ukrainian 11.5 percent protein than for Russian 12.5 percent. The Russian government seems to have abandoned the idea of amending the wheat export tax structure for now. The weather in both Russia and Ukraine is generally favorable for winter wheat development and the spring wheat plantings.Egypt’s GASC purchased 120,000 MT of Romanian wheat and 60,000...
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.