Turkey's reduced crop production, resulting from several weather-related issues, is negatively impacting both wheat and barley exports as well as increasing the volume of imports required to meet its needs.
News Updates With the month of Ramadan coming to an end last Monday, most countries in North Africa and the Middle East were closed during the week for the Eid. As a result, grain news from the region is quite limited for this report.Local buyers have made this region the major destination for a record level of Russian corn exports. While Turkey represented 49 percent of those sales last year, its share has dropped to 23 percent as Russia's corn exports doubled in the past nine months to 3.9 MMT. Iran and Holland each purchas...
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...
