The Egyptian government announced that the new bread allocation program has cut subsidy costs by 6 billion Egyptian pounds ($470 million). The supply ministry also indicated that one domestic wheat crop of high quality could be available for export.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Of great importance to all wheat buyers in the Middle East/North Africa (MENA) region is the news that Russia is considering a revision to its current wheat export tariff that could involve a reduction. Its wheat exports are lower than last season, and there has been concern that this tariff has made them less competitive. MENA buyers would of course be very pleased to see decreased export tariffs and perhaps a drop in the prices.W...
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...
