Pakistan has announced its intention to raise the soymeal import tariff from 11 to 21 percent as of 1 July, which is expected to boost its soybean imports. The country has a great deal of excess crushing capacity, and this action, if approved, could put some facilities back in production.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The government of Morocco has announced that the increased wheat import tariff of 75 percent will probably be extended beyond the initial end date of 31 October due to very good domestic crops this year. Local traders expect that the higher rate will remain in place at least until the end of 2015.Algeria has suspended all import duties on animal feed items, including corn and soymeal, for the...
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...
