The impact of Russia's significant tariff on wheat exports that was announced is yet to be determined. Markets opened steady to higher with soybeans up 3-5, corn steady to down a penny and wheat steady to a penny higher. General Comments There was actually some market news to start the trade the day after Christmas. Russia did announce it will impose a wheat export tariff beginning 1 February that will be a minimum of 35 euros/MT (approximately $43-44/MT) and is based on prices. This is a significant amount and will essentially stop Russian wheat exports until next July. The question is how much exports will truly be reduced since it doesn't take effect until 1 February.The normal weekly USDA reports such as export sales will be released...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.