Regional News Russia announced last week that it will impose its now-typical export quota on grains from 15 February though 30 June 2025. This year’s quota will be reduced to 11 MMT, or about one-third of last year’s 29-MMT quota. During the quota period, no shipments of corn, barley, and rye will be permitted. For wheat exported under the quota, the export tax of 50 percent, but not less than €100/MT, will apply.The strong devaluation of the Russian ruble is causing the country to rapidly increase its export taxes for wheat, corn, and barley. Milling Wheat Wheat futures were lower last week due to the ceasefire agreement in the Middle East and the lack of export-threatening escalation in the Black Sea. U.S. markets were weak...
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.