Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The latest USDA-FAS report on Turkey says that very dry weather could reduce the wheat and barley production in the country. Wheat production could be as much as 3.0 MMT lower to 17.8 MMT with barley production down by 600,000 MT to 7.9 MMT --- corn production is expected to be at the originally forecasted level of about 5.5 MMT. Actual wheat consumption in Turkey will not drop as a result of the lower crop. The production shortfall will come out of a good level of stocks on hand at end of 2018/19. For 2019/20, Turkey is expected to import about 7 MMT of wheat while exporting almost 6.8 MMT of wheat products – mainly wheat flour. Turkey’s wheat flour exports are b...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
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