Morocco's overall wheat and barley plantings are up by about 11 percent with production expected to increase by 69 percent compared with last year. Wheat imports are forecast to drop as a result, and the government has raised the wheat import tariff to 75 percent.
Regional Updates Mediterranean/Middle East Comments According to the latest USDA/FAS report on Morocco, overall wheat and barley plantings are up by about 11 percent. Production is expected to increase by 69 percent from last year's very low total of 11.5 MMT, which included 5.6 MMT of wheat, 2.4 MMT of durum and 3.5 MMT of barley. As a result of the good crop year, wheat imports are forecast to drop by about 20 percent to 2.8 MMT. The Moroccan government has recently...
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...
