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...
Key Takeaways: Despite little progress in a U.S.-Iran framework for a peace deal or an agreement itself, vessel transits are picking up in the Strait of Hormuz (SOH). On Wednesday morning, Kpler reported 31 verified vessel transits of the SOH in a positive sign of increased activity in t...
Key Market Insights Outside markets dominated today’s session. Crude oil traded below $70 per barrel, the U.S. dollar climbed to a 13-month high, and both gold and silver posted sharp declines as traders increased expectations for additional Federal Reserve rate hikes. At the same time, t...
What You Need to Know Today… Crush margins are set to pull back after their recent rallies, though U.S. markets will fare better than others. U.S. demand-led strength in soyoil pricing is a key driver of U.S. margin profitability and will remain so into mid-autumn. Soymeal prices are th...
