Along with Egypt's new wheat relationship with Russia, there is news that it will have a direct freight service to Black Sea Russia in order to facilitate the flow of Egyptian fruit and vegetables to that country and the shipping of grain back to Egypt.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Egyptian government sold over $800 million in debt certificates for the new Suez Canal project on the first day of issue. The certificates are solely available in Egyptian pounds and only to Egyptian nationals and companies at an interest rate of 12 percent over a five-year payment term. The government is looking to finance as much of the $8.4 billion project as possible through this investment scheme.Along with Egypt's new whe...
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...
