Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt seems to have finally settled the ergot problem that has plagued the wheat import business for several months. Government decree 1761/2017 is expected to now end the controversy and set the maximum allowable ergot level at 0.05 percent in the plant quarantine regulations. Black Sea port loading reports can be extremely detailed and also interesting. A review indicates the following regional purchases (volumes approximated) from Ukraine during December:
Egypt’s private sector (135,000 MT of corn) Israel (150,000 MT of corn) Turkey (227,000 MT of corn, including 12,000 MT of Moldovan origin) Turkey (142,000 MT of soybeans) Turkey (67,000 MT of wheat bran - transported 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...
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...
