Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap:
Wheat stocks in Egypt are at good levels, with only limited import interest. However, there is some concern over the supply of wheat from the Black Sea later in the year due to current weather problems. Maize stocks in Egypt, like wheat, are very good, and both imports and new orders are reported to have decreased. South American maize from both Argentina and Brazil is the lowest priced. Soybeans from the U.S. continue to be the most cost-effective for Egypt, with booked supplies expected to meet demand through September. Ukraine is expected to be more of a factor in soybeans with its new crop.
Egypt’s government purchase of local wheat is...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
