Turkey and Russia are expected to hold discussions soon regarding the rescinding of duty-free status for certain imports from the latter. The loss of those wheat stocks could be very damaging to Turkey's wheat flour export business as could another move by Russia. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS According to Russia, it is supposed to soon hold discussions with Turkey regarding the grain supply situation (i.e., no duty-free status for imports of Russian wheat, corn, rice and legumes). Talks are expected in the next two weeks at a senior government level. Turkish flour millers have long imported Russian wheat for milling and then exported wheat flour to world markets, so the loss of those grain stocks could be very dama...
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.