The Iranian government forecasts wheat imports will drop to 2 MMT this year as it plans to purchase as much as 7.7 MMT of the expected 11 MMT in domestic production.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The recent FAO report on Iraq indicates that both the barley and wheat crops look quite good, although the country's current difficulties could make the harvest problematic. In spite of that concern, the positive crop forecast is expected to slightly reduce Iraqi grain imports this year to approximately 4.6 MMT, including rice. 70 percent of the total is anticipated to be comprised of wheat.Syrian grain crops are expected to be down significantly this year with a 22 percent drop in wheat and 40 percent decline in...
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...
