Egypt's plans to become a central grain hub for North Africa and the Middle East have apparently been accelerated with the government indicating that all port facilities will be now ready in a maximum of two years at a newly increased cost of $2.2 billion.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS According to reports from Egypt, that country's plans to become a central grain hub for North Africa and the Middle East are being brought forward. The program was originally expected to take five years to complete, but the Egyptian government is now indicating that all port facilities will be ready in a maximum of two years with estimated costs now pushed up by about $300 million to $2.2 billion. The port and logistics faciliti...
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...
