Black Sea wheat supplies are diminishing and Middle East & North Africa (MENA) buyers are going to have to look to other sources until the next harvest in 2014. European grain experts believe that the French shipments to the region are going to continue at record levels.
News Updates Mediterranean/Middle East Comments As a follow-up to last week's report on Egypt's cancellation of 60,000 MT of Romanian wheat, it is reported in the trade that the reason was a problem with the shipper's performance bond that was either not in the format required by GASC or not available in time. There was no issue with the Romanian wheat.Effective in January 2014, the Central Bank of Egypt has increased the maximum allowed transfer of foreign...
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...