Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Grain and feed ingredient importers in Turkey will find that import prices have increased considerably after a drop of about 14 percent in the value of the Turkish lira versus the U.S. dollar. Some experts are saying that the drop could extend even further due to a drop in investor confidence in Turkey. The drop in value was started by the firing of the head of the Turkish Central Bank on 20 March. One comment was made that the Turkish situation had been improving due to strong Central Bank actions but that now “defeat has been snatched from the jaws of victory” (@Brown Brothers Harriman). It is reported that Turkish charities have been sending wheat flour to...
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
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.