Grain traders in Europe are saying that Germany, Poland and the Baltic states will be replacing France as the major exporters of wheat to North Africa and Saudi Arabia. Meanwhile, one African nation intends to procure white maize from Mexico as nearby supplies are not available. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Grain traders in Europe are saying that Germany, Poland and the Baltic states will be replacing France as the major exporters of wheat to North Africa and Saudi Arabia. Germany is said to have a good level of wheat export business booked for the first quarter of 2017. Argentina too is looking at boosting its wheat exports to North Africa, but experts say that its business there will be limited.Last week’s FAO re...
Beef packer margins improved to -$130/head last week, up $44 from the prior week as sharply lower fed cattle prices more than offset continued seasonal weakness in the Choice cutout. The cutout declined to $373/cwt while fed cattle prices fell to $238/cwt, allowing packer spreads to recover for...
What You Need to Know Today: The conflict between the U.S. and Iran continues to escalate with the two sides exchanging attacks over the weekend. President Trump said Iran “will pay” for recent attacks that claimed the lives of U.S. troops stationed in Jordan. There are some signs...
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