News that Russia will be applying export duties, quotas, or potentially a combination of both to its wheat market and potentially other food-related products sent CBOT wheat sharply higher on Friday. The Russian government is working to fight increasingly severe food inflation by slowing exports of wheat, soyoil, and sunflower seeds/products. Global vegoil prices are continuing to soar higher on the news that Russia could drastically slow/stop the export of sunflower oil. Notably, any export quotas will have to be published in Russia’s Federal Register for 30 days before taking effect. Consequently, export taxes are the more immediate threat to the markets. The Russian news sent CBOT and KC wheat sharply higher, at times postin...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.