In light of the sanctions imposed against Russia, grain/oilseed-importing countries in the region such as Turkey, Egypt and Morocco are looking very closely at how they might forge closer ties with that nation for agricultural trade as all three are also exporters of fruits and vegetables.
News Updates Last week's USDA WASDE report showed no changes to any of the grain production estimates for countries in the region. However, import forecasts were revised to reflect a reduction of 500,000 MT in Egypt's wheat imports for a new total of 10.1 MMT, while Iran's was raised 500,000 MT to 5 MMT and Lebanon's corn imports were also increased by 150,000 MT to 650,000 MT.There have been many comments this week about the sanctions against...
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...