Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt grain importers, according to the USDA, have booked 71,000 MT of U.S. corn. This will be the first sale of U.S. corn to Egypt in quite a few months. Egypt and Israel are the destinations for the first Ukraine wheat shipment from the temporary grain corridor set up by Ukraine from Odesa. A total of 20,000 MT of wheat was reportedly shipped. Egypt’s Ministry of Supply reported purchases of 3.8 MMT of local wheat against the original target of 4 MMT. It also reports that Egypt’s wheat supply stands at five months consumption. SOUTHERN/EASTERN/WESTERN AFRICA Morocco is holding the 2023 Grain & Milling Expo in Casablanca 4-5 Octobe...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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