Milling Wheat The Black Sea market again remained about unchanged last week. Demand for Black Sea wheat is slightly weaker than in the peak months of August and September. The pace of exports is also expected to slow during the winter months. Russia was exporting at a record pace of nearly 4 MMT in each of the past three months, but that is expected to drop to an average 3 MMT in the coming months. Meanwhile, the market anticipates the total for this year will be a minimum 33 MMT. This number seems feasible if winter weather conditions are not too extreme and do not obstruct the interior and port logistics. The EU exported 400,000 MT last week, bringing the total to 7 MMT versus 9.3 MMT at the same time last year. French wheat remains unc...
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.