News Updates EGYPT AND FUEL Much like the recent fuel crisis in the UK, Egypt's fuel shortage continues to create complications. The Egyptian government has said that there is no fuel shortage; rather, the problem has been caused by consumers hoarding supplies of gasoline, diesel, propane, etc. And, of course, the black market is doing exactly the same thing.The general feeling in Egypt, however, is that the government is responsible for the shortages because it reduced imports of petroleum products and because more than 28 percent of the government budget goes toward subsidies for food and fuel. Some believe that the government is creating shortages so that it will be able to justify reducing the subsidy on petroleum products. While ther...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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