Egypt is considering a free trade zone with Russia, Kazakhstan and Belarus, also known as the Eurasian Economic Union. This would allow for increased exports of its agricultural goods to these countries, while providing a steady and secure source for wheat imports.
News Updates Local wheat importers will be pleased with the U.S. Wheat Associates (USW) announcement that Ian Flagg has been promoted to the position of regional director for the entire Middle East/North Africa (MENA) region. Mr. Flagg had been the assistant regional director since 2009, originally based in USW's Cairo location and more recently in its Casablanca office. MEDITERRANEAN/MIDDLE EAST COMMENTS The Egyptian government has announced that the purchase price...
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...
