With domestic food price inflation approaching close to 10 percent, Egypt is using $6 billion received from Saudi Arabia, Kuwait and the UAE to make more U.S. dollars available to the nation's banks, which have been advised to discount the exchange rate by 1 percent for food importers.
Regional Updates Wheat importers in the Middle East and North Africa (MENA) region are watching Russia with great interest as that country's agriculture ministry has proposed altering the current wheat export duty that is due to expire 30 June. The change would reduce this tariff to just 1 euro/MT from the current minimum of 35 euros/MT. The new duty rate would be tied to the local wheat price and would increase when that cost rose above 12...
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...