Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Grain importers in the region were very interested in Russia’s announcement of its new export taxes. From 2 June, wheat will be taxed at $28.10 MT which is $32.59 MT less than the current tax. Barley exports will be taxed at $39.60 MT an increase of $12.14 MT while corn will be at $52.20 – up by $21.85 MT. Taxes are based on a seven-day average index price with the tax revised each week. Iran is reported to be shopping for milling wheat, feed wheat, and corn due to this year’s crops being lower than expected. Feed wheat is being looked at in place of corn for animal feed use due to the current very high corn prices. It has also been mentioned that Iran may al...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.