Turkey's soybean imports have increased by about 30 percent over the past three or four years and are expected to rise by another 200,000 MT in 2015/16. In turn, this is impacting the volume of soymeal it imports, mainly from South America.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran's agriculture minister is forecasting that domestic wheat production will reach 11 MMT this year and imports will drop by about 20 percent to below 2 MMT. Most of the grain trade believes this is an unrealistic estimate. Looking at the most recent FAO report on Iran, 6.3 MMT will need to be imported along with 5.3 MMT of maize and 1.7 MMT of barley.Egypt's supply ministry has announced that based on current inventory and stocks on orde...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
