Saudi Arabia's wheat imports are projected to rise by about 10 percent in 2015/16 as local production is decreasing and will be phased out by 2016. It is possible that the government will allow a few farmers to continue growing the crop, but it might discontinue providing them with support.
Regional Updates Wheat importers in the Middle East/North Africa (MENA) region were pleased with the announcement that Russia's wheat export tax will be lifted almost immediately. It has been forecast that approximately 1.2 MMT of Russian wheat can now be exported during the period of the next few weeks through 30 June, the end of the marketing year. Even with those shipments, Russia is expected to have higher-than-average wheat stocks...
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...
