Egypt's GASC had a very busy week with two tenders and surprising purchases of wheat from France and the U.S. It bought 180,000 MT of French wheat at an average price of $247.40/MT CNF and 55,000 MT of U.S. soft red winter wheat at $244.42/MT CNF.
News Updates Russia announced that its August grain exports have reached the highest level in 10 years at approximately 4.2 MMT. It stated that the major destination was Turkey (18 percent), followed by Egypt (13 percent), Iran (10 percent), South Africa (5 percent) and Israel (5 percent). As a further point, up to 90 percent of the shipments out of the Black Sea are said to be grains. MEDITERRANEAN/MIDDLE EAST COMMENTS Reports in Iran indicate that the government has purchased a lar...
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...
