Ukraine's recent corn price increases have made the supply to North Africa much less competitive. It appears that importers of larger vessels will probably try to switch to U.S. origin, while smaller importers will be looking closely at Romania and Bulgaria.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS As a follow-up to last week's comments on the Ukrainian situation's effects on Egyptian private sector corn importers, the market reports that the majors (Cargill, Cairo3A, Venus, Medsofts, etc.) are having little or no difficulty to date with importing from that country. However, all of these listed companies do have shipments pending from other origins that predate the current situation and were booked several weeks ag...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
