The Egyptian pound was devalued by 1.2 percent last week as the country's importers still face difficulties making their payments in U.S. currency. Most major grain importers are doing so through banks outside of Egypt, but their smaller counterparts are dependent upon the domestic banking system.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt’s central bank devalued the Egyptian pound by just over 1.2 percent last week, putting the official exchange rate at 7.93 to the USD. Secondary market prices for the U.S. dollar are about 0.40 higher. Egyptian importers are still facing a very difficult situation regarding their ability to make payments in U.S. currency. This type of transaction previously took days to co...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
