Egypt's ag ministry is reported to have been considering a plan to tax imported corn by as much as $65/MT. However, pressure from the poultry industry and others helped to derail that for now as it would also introduce several other problems.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Bangladesh is said to be close to finalizing a wheat import arrangement with Ukraine that could result in its purchase of 250,000 MT of that country's milling wheat. According to traders, the price will be about $304/MT CNF. Shipment of the wheat is said to be within 150 days of the date of signing the contract with the initial cargo transported no later than 60 days after signing. Bangladesh needs to import about 2.5 MMT of wheat this ye...
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...