Saudi Arabia's wheat imports are projected to rise by about 10 percent in 2015/16 as local production is decreasing and will be phased out by 2016. It is possible that the government will allow a few farmers to continue growing the crop, but it might discontinue providing them with support.
Regional Updates Wheat importers in the Middle East/North Africa (MENA) region were pleased with the announcement that Russia's wheat export tax will be lifted almost immediately. It has been forecast that approximately 1.2 MMT of Russian wheat can now be exported during the period of the next few weeks through 30 June, the end of the marketing year. Even with those shipments, Russia is expected to have higher-than-average wheat stocks...
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...
