Turkey is expected to release up to 1.2 MMT from the government's 3 MMT of reserve stock local wheat into the country's market. This will certainly reduce the import demand for Black Sea wheat and will probably most affect Russian shippers
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran appears to have had another good crop year in 2013, similar to 2012. Both years show 10-15 percent above-average grain production. Iran's grain imports are expected to be considerably lower in 2013/14 compared with last year. This is because quite a bit of last year's record purchases targeted stock building after stocks had dropped very low as a result of sanction-reduced imports in 2010 and 2011. 2013/14 imports are expected to include 4...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...