South Africa is expected to have to import about 800,000 MT of maize this crop year to cover a drought-induced shortage. These are the first significant maize imports for that country in seven years.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Ukraine: There was a Ukraine trade rumor late last week that was of great interest to MENA wheat importers: it has been said (but unconfirmed) that the Ukraine is discussing putting quotas on wheat exports this season due to the expected poor winter crop resulting in possible short supplies after the 2016 harvest. Egypt: The Egyptian government has decided that its local purchases of wheat will be done on the basis of an average global price rather than the somewhat arbitrary pric...
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...
