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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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