Russian Grain Markets: 3–7 July 2023 The first week of the new marketing year is gone and the market is under severe pressure due to carryover, slower exports, and multinational traders leaving the market. Farmers are not in a hurry to dump their grains at lower prices especially with a high U.S. dollar. The government immediately increased export duties because they are calculated in RUB not in dollars thus killing potential growth in export prices. All in all, export prices remained within previous stable levels. The June estimate of grain carryover was 36 MMT, up 9 MMT from the previous year and is a record-breaking indicator. The wheat carryover is 25 MMT which is up 10 MMT. The preliminary July estimate is 30 MMT; traditi...
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.