Egypt has decided to allow 13.5 percent moisture in wheat tender offers for a period of twelve months at the request of France, which has had difficulty meeting its 13 percent moisture standard. However, there is a condition to this acceptance
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Iran has begun a farming program in third countries as a means to ensure an adequate supply of selected crops. It claims to currently have 500,000 hectares under cultivation in Brazil, Serbia, and Ghana with a new corn project planned in Ukraine. Iran also has invested in wheat production in Kazakhstan.Egypt has decided to allow 13.5 percent moisture in wheat tender offers for a period of twelve months at the request of France, which has...
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: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
