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 Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
