The market in Romania and Bulgaria is very quiet. Farmers are still holding a large volume of wheat, but they prefer to wait for higher prices later in the campaign. The combined, remaining surplus in both countries is estimated at 3 MMT. Milling Wheat The Black Sea market is firmer in response to the strong rally of EU and U.S. wheat during the last few days. The slowing farmers' selling after the harvest pressure is certainly one of the main reasons behind this market correction following a very long period of declining prices.Egypt's GASC bought 120,000 MT of French wheat last week at $223.70/MT FOB (equivalent to $241.20 CNF). The lowest offer for Russian wheat was $238.74/MT. One cargo of Ukrainian wheat was offered at $230.84/MT.The...
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...
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Accountability and a comprehensive approach to export programming
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