In light of recent large fines levied by the U.S. government on financial institutions for avoiding strict Sudanese trade sanctions, many banks and trading companies are reducing their involvement with that country's grain business. Sudan needs to import at least 2 MMT of wheat per year, but this is becoming much more difficult.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Saudi Arabian government has announced that 42 Saudi companies and individuals have applied to make investments in foreign countries under the Saudi Initiative for Agricultural Investment Abroad. All investments are provided by the private sector, but the foreign country work is supported and assisted by the Saudi Arabian government. Currently, it has...
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...