Jordan’s grain import rules are said to be having a very serious effect on business there as can be seen by the lack of bidders in recent tenders and the government’s continual passing on the few offers received.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Middle East/North Africa (MENA) regional importers of Indian soymeal have almost totally stopped buying that origin as the prices are much too high for the current market. Oman, Kuwait and Iran have purchased just over 30,000 MT in total during April-November versus 265,000 MT for the same period in 2014. Iran has shown the largest decrease with a drop totaling 230,000 MT. Indian soymeal is not going to be competitive in the MENA region until world prices...
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...