Regional News Russia announced last week that it will impose its now-typical export quota on grains from 15 February though 30 June 2025. This year’s quota will be reduced to 11 MMT, or about one-third of last year’s 29-MMT quota. During the quota period, no shipments of corn, barley, and rye will be permitted. For wheat exported under the quota, the export tax of 50 percent, but not less than €100/MT, will apply.The strong devaluation of the Russian ruble is causing the country to rapidly increase its export taxes for wheat, corn, and barley. Milling Wheat Wheat futures were lower last week due to the ceasefire agreement in the Middle East and the lack of export-threatening escalation in the Black Sea. U.S. markets were weak...
What You Need to Know Today: The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facili...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
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.