The barter arrangements between Russia and Iran are said to have been finalized to some degree as it is reported that the latter will export poultry meat in exchange for Russian wheat. However, some concerns still exist in both countries that this may violate existing trade sanctions.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS According to the FAO, Iraq's 2015/16 grain crop could be quite good, although it is very difficult to know what effect the conflict there will have on production. The 2014/15 crop has gone quite well in spite of the difficulties. It was actually well above the recent yearly average and the best production in several years, at least for wheat at about 3.5 MMT. Even with a good crop last year, howe...
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...
