The USDA report on grain and feed for Israel was issued last week. As expected, it shows that the country is still almost totally dependent on grain imports for wheat, barley and maize. Most of the grain imports will come from origins other than the U.S.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt and Russia have signed a joint customs protocol that both sides say will make trade between the two countries much easier in the future and should allow for a growth in mutual trade. However, there was no mention of this affecting the Egyptian practice of sending grain inspectors to vessel loadings in Russia. For several years now, the pre-inspection of grain loadings has made the acceptance of shipments in Egypt much si...
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...
