The latest USDA/GAIN report on Algerian grains is estimating a rise in local wheat production from 1.9 MMT in 2014/15 to 2.7 MMT in 2015/16. However, this is not expected to reduce import requirements.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Muslim Eid al Adha (feast of sacrifice) begins 23 September and extends for four days. Government offices, banks and most commercial offices will be closed during this period. Although ports will be operating, staffing will be reduced with grain vessel discharge possibly delayed or at least slowed slightly.Jordan is considering the possibility of importing up to 400,000 MT of Pakistani wheat and is said to be specifially interested in Punjabi origin. Discussions are at a ver...
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...
