While Turkey's demand for both soybeans and soymeal is rising due to expansion in the poultry and livestock sector, it can only be met by increasing imports. About 40 percent of the soybean imports and 35 percent of the soymeal imports come from the U.S.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS India reports that close to 40,000 MT of soybean extraction were exported to the Middle East/North Africa (MENA) region during April-May 2014. This included 35,500 MT to Iran, 2,500 MT to Kuwait and 1,900 MT to Oman.The USDA Export Credit Guarantee Program (GSM-102) reports that all but $15 million of the $212,500,000 allocated to the Africa-Middle East region has been used. The GSM-102 program to Turkey of$ 312,500,000 has been e...
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...