Jordan continued to issue, cancel and reissue its wheat and barley tenders due to a lack of participation by international sellers. It is seeing some tenders with no bids whatsoever as suppliers are very concerned about its contract details and recent rejections of wheat that most believe were not justified.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Turkey/Russia situation is shaking the wheat market as international grain traders watch to see if Russia will stop exporting wheat to Turkey, its largest buyer. There has been no official sanction on those exports, but both sellers and buyers are very concerned that this could happen in coming days. The trade reports no new sales are being booked but that existing bus...
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...
