Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Pakistan and India are having difficulty in agreeing on the method to move Indian wheat to Afghanistan through Pakistan. While the shipment of 50,000 MT has been approved by Pakistan, it is insisting on the use of Pakistan trucks and drivers, with United Nations support, while India says that Indian or Afghanistan trucks and drivers should be allowed. Reports say that, since this is a serious humanitarian situation, agreement between India and Pakistan should be reached shortly. Pakistan’s government has decided to donate 50,000 MT of wheat to Afghanistan, a donation that matches the recent one by India. Pakistan has announced about $28.4 million to Afghanistan in aid, i...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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Accountability and a comprehensive approach to export programming
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