Turkey is expected to release up to 1.2 MMT from the government's 3 MMT of reserve stock local wheat into the country's market. This will certainly reduce the import demand for Black Sea wheat and will probably most affect Russian shippers
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran appears to have had another good crop year in 2013, similar to 2012. Both years show 10-15 percent above-average grain production. Iran's grain imports are expected to be considerably lower in 2013/14 compared with last year. This is because quite a bit of last year's record purchases targeted stock building after stocks had dropped very low as a result of sanction-reduced imports in 2010 and 2011. 2013/14 imports are expected to include 4...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
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...
