Mediterranean/Middle East/North Africa/Africa – Mea Region Turkey’s wheat imports and exports are lower in 2024/25 due to restrictions by the Turkish government that will reduce the high level of stocks on hand.
Morocco’s 2024 wheat and barley production is down by 40 percent for wheat and 52 percent for barley, according to the latest FAO report. Severe drought affected the 2024 crop and is continuing into the 2025 crop. Planting for the 2025 crops has been delayed due to drought. Farmers are hoping for good rainfall in February/March 2025. 2024/25 grain imports are expected to be up by 30 percent to a total of 11 MMT. Egypt’s wheat and corn production for 2024, according to the FAO, was steady and clos...
What You Need to Know Today: Attention is turning toward Friday's USDA WASDE report, with traders looking for updated corn and soybean production estimates and revisions to domestic and global supply-and-demand balances. The report could help establish a clearer direction for grain price...
Key Takeaways: Dry bulk markets are mixed this week with the Capesize sector falling on the demand slump stemming from China’s Golden Week holiday while Panamax and smaller vessel class rates remain firm. The Atlantic’s first hurricane of the season, Hurricane Isaias, intensi...
Yesterday’s momentum is facing a tougher test today. Stocks and most grain markets have pulled back, while higher Treasury yields and a firmer dollar are making buyers work harder to defend the gains. Crude oil has turned lower, easing some immediate energy pressure, but the Fed minutes l...
