Iraqi grain traders advise that it has become impossible for Syria to deliver the wheat to Iraq that was arranged in June 2013 as truckers are not able to avoid the current difficulties in both countries that have limited transportation access.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS A review of the USDA July WASDE, which was released last week, indicates little change in the region's production, consumption and trade numbers when compared with the previous month's report. The only revisions appear to be that Egypt's total wheat consumption is forecast to drop from 19.2 MMT to 18.8 MMT, and Middle Eastern corn imports are expected to increase 100,000 MT to 13.4 MMT.Iranian officials have said that imported wheat require...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
