The combination of the lower U.S. corn price and a firmer EUR versus the USD raised the theoretical import levy to about €5/MT. The actual levy is currently at zero, but that will automatically change if the theoretical meets a certain condition. Milling Wheat The Black Sea market remained about unchanged last week. Offers for Russian 12.5 protein remained in the mid-$180s FOB Novorossiysk, and the offered volume was limited. The weather in Ukraine and southern Russia is favorable for winter wheat development. Farmers in Russia’s northern regions are starting to plant spring wheat in accordance with the normal seasonal schedule.The Egyptian GASC purchased 60,000 MT of French wheat in last week’s tender at $192.34 CNF. A cargo of Ukrainian...
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.