The volume of Saudi Arabia's wheat imports is notably shifting as its domestic production is affected by a change in land usage. Meanwhile, maize demand is projected to rapidly rise from two particular sectors.
Regional Updates Of very good news to Middle East/North Africa (MENA) milling wheat importers was the word from IKAR Russia, a major agricultural consultancy, that Russian wheat prices will probably drop by about 9 percent when the winter wheat is harvested. While old crop wheat is seen at about $225/MT FOB, the trade is quoting new crop at closer to $200/MT FOB. However, buyers will to have to wait until June/July to see that price level, and much can happen in three months or so.MENA buyers could find it much more diffi...
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...
