Egypt is reported to be making great effort to induce local wheat farmers to use high-yielding, quality seed stock produced by the government’s Central Agency for Seed Production (CASP) as its consumption is rising with production forecast to drop slightly in 2016.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Turkish flour exports in 2015 are expected to top 2.5 MMT due to very strong demand from Syria, Sudan and Iraq. Turkey is the world’s largest exporter of wheat flour – a title that alternates between that country and Kazakhstan. According to information from Turkey, Iraq is the largest import destination, purchasing as much as 1 MMT. Its strong flour demand is expected to continue as most of the Ir...
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...
