Officials in Egypt are stating that wheat imports in 2015 will drop by 50 percent to 4-4.5 MMT. However, most experts there don't expect any serious decline, and many are anticipating a wheat import level of 10 MMT.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt's GASC was in the wheat market again this past week and booked 120,000 MT of French wheat for shipment 1-10 November 2013 at an average price of $223.70/MT plus freight at $17.50/MT. Offers from Ukraine and Russia were approximately $7/MT and $15/MT higher, respectively, than those from France. There were similar offers from Romania and none for U.S. wheat. GASC is now said to have enough wheat supplies, both in hand and on order, to cover about six months of con...
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...
