Ukraine's recent corn price increases have made the supply to North Africa much less competitive. It appears that importers of larger vessels will probably try to switch to U.S. origin, while smaller importers will be looking closely at Romania and Bulgaria.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS As a follow-up to last week's comments on the Ukrainian situation's effects on Egyptian private sector corn importers, the market reports that the majors (Cargill, Cairo3A, Venus, Medsofts, etc.) are having little or no difficulty to date with importing from that country. However, all of these listed companies do have shipments pending from other origins that predate the current situation and were booked several weeks ag...
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...