Regional News Once again, the biggest driver of market activity in the Black Sea and European markets is the impact of Russia’s various export tariff rate quotas (TRQs). Last week, the Russian government confirmed that wheat export from 15 February - 30 June would face a €25/MT tariff on exports under 17.5 MMT and the greater of €100/MT or 50 percent of the export value. Subsequently, Russia announced export restrictions on sunflower seeds and oil and, on Saturday, said it was considering export tariffs for soybeans and scrap metal. The Russian subcommittee on customs, tariff and non-tariff regulations proposed an export tariff of 30 percent but not less than €165/MT starting 1 February 2021. The duty woul...
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...
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.