Egypt's GASC is reviewing its current position with regard to French wheat moisture levels. It stipulates a maximum level of 13 percent but has allowed French wheat with up to 13.5 percent, provided there is a discount.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran has decided to impose an import tariff of approximately $50/MT on both wheat and barley, effective immediately. This will only apply to private sector imports, while the government's will be entirely exempt. The tariff for wheat is set to continue until the end of 2016, and that for barley will expire 22 September 2015.Egypt began a test run of the newly expanded Suez Canal with three vessels running north and three headed south on Saturday. It will not of...
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...
