Iraqi grain traders advise that it has become impossible for Syria to deliver the wheat to Iraq that was arranged in June 2013 as truckers are not able to avoid the current difficulties in both countries that have limited transportation access.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS A review of the USDA July WASDE, which was released last week, indicates little change in the region's production, consumption and trade numbers when compared with the previous month's report. The only revisions appear to be that Egypt's total wheat consumption is forecast to drop from 19.2 MMT to 18.8 MMT, and Middle Eastern corn imports are expected to increase 100,000 MT to 13.4 MMT.Iranian officials have said that imported wheat require...
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...
