While grain exports from Russian seaports grew to 24.3 MMT in 2016 against 22.9 MMT the previous year, those from Ukrainian seaports were significantly higher. Note: Today’s report is abbreviated as there is almost no market activity and little information available due to the 1-7 January holiday season in Ukraine and Russia. Egypt’s 29 December Ukrainian and Russian Wheat Purchase During its final 2016 tender on 29 December, Egypt’s GASC purchased 235,000 MT of Ukrainian and Russian wheat for 1-10 February delivery. This specifically included:
60,000 MT of Russian origin from AOS/Friends at $197.35/MT CNF ($186.25/MT FOB plus freight at $11.10/MT) 60,000 MT of Russian origin from ADM at $197.95/MT CNF ($186.85/MT FOB plus freight at...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
