Regional News Russia announced last week that it will impose its now-typical export quota on grains from 15 February though 30 June 2025. This year’s quota will be reduced to 11 MMT, or about one-third of last year’s 29-MMT quota. During the quota period, no shipments of corn, barley, and rye will be permitted. For wheat exported under the quota, the export tax of 50 percent, but not less than €100/MT, will apply.The strong devaluation of the Russian ruble is causing the country to rapidly increase its export taxes for wheat, corn, and barley. Milling Wheat Wheat futures were lower last week due to the ceasefire agreement in the Middle East and the lack of export-threatening escalation in the Black Sea. U.S. markets were weak...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.