Regional News The biggest factor in European (and global) wheat markets this week is the rumor and analysis of Russia’s likely wheat export quotas and taxes. Russia’s economic minister confirmed that Russia is considering a decree that would put a €25/MT ($30.40/MT) export duty on shipments under a 17.5 MMT export quota. Wheat exports above the quota could face a tax of 50 percent but not less than €100/MT and the tax/quota system has proposed to be effective from 15 February through 30 June 2021. WPI notes that rumors abound but the Russian government has not issued a confirmed statement or decree on the matter. Notably, Russian wheat exports will likely reach 25 MMT by the end of December, and exporters...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.