News Updates EGYPT UPDATE The Egyptian government has announced that the budget for 2012/13 wheat purchases has been set at $2.65 billion (EGP 16 billion), which will cover both purchases of imports and domestic crops. So far in the current year, the government reports that it has purchased 3.42 MMT of local wheat for $1.3 billion (out of a total budget of $1.4 billion). According to the government, the country's current wheat stocks on hand are about 5 MMT and are sufficient to cover all demand for six months. The government also reported that the quality of wheat it acquired this year is much improved over the previous year's wheat. As a result, less imported wheat will be required for blending to increase flour quality.With the newly e...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
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