Turkey is expected to release up to 1.2 MMT from the government's 3 MMT of reserve stock local wheat into the country's market. This will certainly reduce the import demand for Black Sea wheat and will probably most affect Russian shippers
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran appears to have had another good crop year in 2013, similar to 2012. Both years show 10-15 percent above-average grain production. Iran's grain imports are expected to be considerably lower in 2013/14 compared with last year. This is because quite a bit of last year's record purchases targeted stock building after stocks had dropped very low as a result of sanction-reduced imports in 2010 and 2011. 2013/14 imports are expected to include 4...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
