Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Iran’s SLAL did not buy any barley in its 200,000 MT tender last week. While some say that financing problems stopped the purchase, others maintain that the prices were just too high. U.S. sanctions were also said to be part of the financing issue as international banks are concerned about their application. Russia is pushing hard to be allowed in Algeria and Saudi Arabia. Trade experts say that with its wheat going into Tunisia, Libya, Morocco, Egypt and Jordan, there is probably not much justification to keep it out of other markets in the Middle East/North Africa (MENA) region. It is possible that Algeria may find a reason to slightly modify its strict requirement on the permit...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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