Regional News China is now Ukraine’s larges trading partner, notably expanding its agricultural product exports. Ukraine is the largest supplier of sunflower oil to China, followed by Russia. Rains have finally arrived across western Europe that will aid winter crop planting. The rains are too late to help the European corn crop and conditions remain too dry across Ukraine. Russia’s southern regions, including Krasnodar, Stavropol, and Rostov, are also in need of rains by mid-October before grain product may start to fall. South Korean-owned Posco International completed construction of an export facility in the Ukrainian Black Sea port of Nikolayev. Posco owns a 75 percent stake in the venture, which is expected...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.