The difficulties in Syria have caused a change in regional shipping patterns as grain cargoes, which in the past would have enterd Syria's ports for discharge to that country, Jordan and Iraq, appear to now be unloading in Israel for delivery to Jordan at an estimated cost savings of 5 percent.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Port agents in Yemen are reporting that grain vessel inspections are currently facing delays of up to five days due to the need to conduct the checks outside of the port before entry is permitted.The Romanian government has issued information regarding that country's grain exports to date. It indicated that corn exports are up by 18 percent, mainly to Spain (616,000 MT), Italy (28...
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...