Along with Egypt's new wheat relationship with Russia, there is news that it will have a direct freight service to Black Sea Russia in order to facilitate the flow of Egyptian fruit and vegetables to that country and the shipping of grain back to Egypt.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Egyptian government sold over $800 million in debt certificates for the new Suez Canal project on the first day of issue. The certificates are solely available in Egyptian pounds and only to Egyptian nationals and companies at an interest rate of 12 percent over a five-year payment term. The government is looking to finance as much of the $8.4 billion project as possible through this investment scheme.Along with Egypt's new whe...
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...
