Iran has cancelled both the wheat and barley import duties that had been added this past July. It is still expected to import about 4 MMT of wheat in 2015/16, an approximate 2.3 MMT drop from last year, after purchasing 8.3 MMT of domestic stocks.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Eid Al Adha period ended 28 September, and there is very little grain news from the Middle East/North Africa (MENA) region due to the four-five days of office closures associated with the holiday.Jordan has advised that the 100,000 MT of wheat donated by the U.S. government will be monetized (euphemism for sold) and the proceeds used to finance domestic agricultural projects. The selling of donated goods is quite a common practic...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
