Morocco's grain imports for the June-October period are up by 80 percent against last year at a total 2.2 MMT including 750,000 MT of wheat and 1.1 MMT of corn. The wheat is mainly from Ukraine, France and Russia with about 80 percent of the corn from Argentina and Brazil.
News Updates Port congestion and bad weather are reportedly delaying some shipments from Russian Black Sea and Azov Sea ports that could affect wheat exports to North Africa and Middle Eastern destinations.Iran has stated very strongly that it has no agreement with Russia for the countertrade of that country's wheat for its oil. Russia will be supplying technical and operational support to the Iranian oil industry, but countertrade does not seem to be in...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
