This is an abbreviated report due to analysts’ travel obligations. Regional Food Crisis A trifecta of problems including soaring interest rates, high commodity prices and a depreciating national currencies are threatening food security across the Middle East/Africa region. Many of the countries that import a large share of their food supply are in the region. Notably, 12 of the world’s top 20 depreciating currencies thus far in 2022 are in the Middle East/North Africa and are having trouble paying for food imports.
Regional News Transnet, South Africa’s state-owned ports and rail operator, reached a three-year agreement on wages with the largest worker’s union but a smaller union, the South African Transport an...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
