Contracts have been awarded in Egypt for the building of two UAE-financed wheat silos there. These are the first two in the joint UAE/Egypt project to build a total of 25 that are expected to expand Egypt's wheat storage capacity by 1.5 MMT.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS: Turkey's drought situation appears to be having quite a serious effect on the wheat crop in much of the country. Both the Turkish government and USDA-FAS forecast that Turkish wheat production will decline over 10 percent to just under 20 MMT, while the barley crop will be slightly worse with a drop closer to 13 percent for a total just under 7 MMT. There are some significant differences between the Turkish and USDA estimates with the latter...
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...