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: 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...
