Regional News China approved wheat and soybean imports from Russia’s Kurgan region, according to an official Chinese statement made on Friday. China already approves wheat imports from six other Russian regions. The move comes in response to the U.S.-China trade war that has cut China’s former top soybean supplier (the U.S.) from the market. Russia is not a major soybean producer in terms of world production but has been expanding its soybean acreage steadily. Russia is, of course, the world’s top wheat exporter. The CME Group has announced the pending launch of a new Black Sea Sunflower Oil futures contract. The contract, scheduled for launch on 26 August, will be cash-settled to data from Platts and will compleme...
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.