The impact of Russia's significant tariff on wheat exports that was announced is yet to be determined. Markets opened steady to higher with soybeans up 3-5, corn steady to down a penny and wheat steady to a penny higher. General Comments There was actually some market news to start the trade the day after Christmas. Russia did announce it will impose a wheat export tariff beginning 1 February that will be a minimum of 35 euros/MT (approximately $43-44/MT) and is based on prices. This is a significant amount and will essentially stop Russian wheat exports until next July. The question is how much exports will truly be reduced since it doesn't take effect until 1 February.The normal weekly USDA reports such as export sales will be released...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.