There have been comments in Egypt that lower-priced, imported wheat is being sold to the government as domestic stock because of its high purchase price. Government departments are said to be involved in the fraud, and the president has asked the agriculture ministry to investigate.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt is reporting that local wheat purchases will now reach 5.3 MMT by the end of the season in July, a much higher volume than the original target of 3.7 MMT. There has been a great deal of comment in the country that lower-priced, imported wheat is being delivered as domestic stock in order to benefit from the government's purchase price, which is much higher than the international market rate...
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...
