Mediterranean/Middle East/North Africa/Africa – MEA Region Turkish officials announced that the cost of vessels passing through the Bosphorus/Dardanelles will increase by 15 percent on 1 July. The new tariff is set at $5.83 per MT and will affect all grain/oilseed items from the Black Sea. Turkey has become the largest importer of Ukraine corn in 2024/25, importing 2.6 MMT from September 2024 to April 2025 according to Turkish statistical information. Ukraine information has the corn imports much higher at 4.5 MMT for the same period. The difference in import quantities may be due to some of the “imports” only passing through Turkey to other countries, like Iraq. The local USDA-FAS office expects that Turkey wi...
Grains posted strong gains today, putting the bulls firmly in the driver’s seat. There was no shortage of fuel for the move, with three W’s driving the rally: weather, war and worry. Weather: Cooler temperatures are temporarily easing stress across the Northern Plains and Midwest, b...
Key Takeaways: Global and U.S. cotton demand has struggled since the post-COVID-19 pandemic surge, which has left cotton prices drifting lower in the U.S. The war in Iran and the closure of the Strait of Hormuz, along with their impact on global energy markets, could boost cotton demand...
Russian Grain Markets: 13–17 July 2026 New-crop trading dominated the Russian grain market during the week as old-crop business largely came to an end. Most transactions shifted to new-crop supplies, establishing new price ranges across the market. Bearish sentiment prevailed across most...
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.