Kenya has set a target to double corn production in the next five years. The government also said that it will be promoting a change in the local diet to reduce corn consumption and increase that of potatoes and rice.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS There was very good news for international grain companies operating in Egypt with the Central Bank's announcement that the ban on companies transferring earnings abroad has been lifted. Although the bank advises that it will not be supplying USD for any transfers and that sourcing dollars will be the companies' task, this action should still make the grain business in Egypt a little easier for global firms.According to Egypt's supply minister, the government's targe...
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...
