Pakistan reportedly has a large surplus of wheat that will rise considerably after the next harvest. If the government does adjust the export price, which was set much higher than global prices in 2015, there could be a significant volume available to markets in the Middle East/North Africa (MENA) region.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Importers in Morocco are looking forward to Argentina’s elimination of the corn export tax this week, as stated by that country’s new president and backed by the finance minister. Argentina is Morocco’s main supplier of corn, and importers there are hoping to gain $35/MT in lower prices with removal of the 20 percent tax. It is a bit difficult to imagine tha...
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...
