MEDITERRANEAN/MIDDLE EAST COMMENTS After last week’s wheat tender Egypt’s GASC has booked 2.13 MMT of wheat this buying year – 935,000 MT from Russia, 660,000 MT from Romania, 475,000 MT from Ukraine and 60,000 MT from France. Egypt has announced that customs will no longer use a monthly set currency rate but will change to a daily rate based on the Central Bank exchange rates. Customs had been using a set rate for essential goods and a fluctuating monthly rate for non-essential goods. All will now fluctuate daily.
According to a recent study on the regional water situation, the Middle East and North Africa are some of the worlds most “water-stressed” regions. With the entire region dep...
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While cover crops do not provide immediate revenue, their long-term benefits include improved nutrient retention, water management, and soil produc...
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and corn consumption for 2025/26 and early 2026/27. The EIA reported that ethanol production fell 4.8 percent for the week ending 10 July...
