Jordan has increased the price paid to farmers for local wheat to $635/MT in the hope of increasing local production, while import quality wheat can be purchased for less than $300/MT. According to local traders, wheat imports have caused domestic plantings to decline by 90 percent.
News Updates The London-based Grain and Feed Trade Association (Gafta) has announced the names of several businesses that have failed to comply with arbitration awards in accordance with Gafta Form 125. Included were the following regional firms: Akel Tekstil Sanayi ve Ticaret (Istanbul, Turkey), Societe NYM SARL (Cotonou, Benin), Societe WNU International SARL (Cotonou, Benin) and Freedom Sky General Trading (Dubai, UAE).Under its Export Credi...
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...
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...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
