News Updates MEDITERRANEAN AND MIDDLE EAST COMMENTS A Lebanese company announced that it will invest up to $800 million in agricultural projects in Sudan to produce animal feed for export to Saudi Arabia. The company, GLB Invest, says that it has 87,000 acres of land and will produce 750,000 MT of feed by 2019. According to the company, $200 million already have been invested, and feed production of 40,000 MT will be seen in 2014, followed by steady year-on-year increases to the 750,000 MT target level.A Saudi company has decided to delay its investment in Sudanese agriculture because of the difficulty with repatriating profits from the country. Due to the severe foreign currency shortages in Sudan, the transfer of funds out of the countr...
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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