Turkey reports that this year’s wheat production will be a record 23 MMT, but imports will continue. This is because quite a bit of the crop is of low quality and needs to be blended with higher quality imported milling wheat.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS As detailed in the Weekly Tender section below, Egypt’s GASC bought 240,000 MT of French, Polish and Romanian wheat this week, which will enable its reserves to cover needs to April 2016. The euro’s recent drop in value has made European wheat much more competitive in USD wheat tenders with the aforementioned Egyptian transaction an example. Russia’s higher domestic wheat prices have pushed up export prices to the point that...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
