According to a recent report on GMOs in South Africa, 86 percent of corn planted is GM as well as 90 percent of soybeans. These crops are said to have benefited the country by $933 million since 1998.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Saudi Arabia has ordered 500 new bulk railcars from Freight Car America Inc. Each bulk car can carry 100 MT and has an estimated useful life of 30 years. They will be used to transport cereals, cement, limestone and rock. The total cost for the purchase will be $67 million with delivery over the next 12 months.Egypt's GASC has not confirmed the report that it has cancelled 60,000 MT of wheat booked from Romania due to a problem with the documents presented. It is also reported i...
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...
