Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap:
Egypt’s wheat market is very quiet due to good stocks and low demand. Private sector millers are using local wheat production. Egypt’s maize imports have picked up this week, with shipments arriving from both Brazil and Argentina. Stocks on hand are still very good. Local prices for imported maize are said to be below replacement as a result of the large stocks. A large volume of soybeans arrived this week — about 222,000 MT. Stocks are said to be high, with no need for new purchases before about September.
Egypt is reported by USSEC to be the second-largest importer of U.S. soybeans, having imported 4.5 MMT in the first 4...
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...
What You Need to Know Today: The U.S. Treasury Department authorized the production, delivery, and sale of Iranian oil for 60 days after “productive talks” with Iran in Switzerland over the weekend. Chevron and Microsoft entered into a 20-year agreement to develop Project Kilby, a...