Middle Eastern markets, especially Iran, were buyers of Indian soymeal in 2012/13, but it is expected that those exports to the region will drop in 2013/14 as India's prices are currently about $20/MT higher than prices from South America.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS There is a plan in Saudi Arabia to work on providing insurance coverage for overseas agricultural projects through the cooperation of the Agricultural Development Fund, the Islamic Development Bank and the Arab Authority for Agricultural Investment and Development. The hope is to develop a program that would be attractive to private sector investors as well as add some risk control to their investments, especially in countries where investments...
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...
