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feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey reports it will allow the export of both corn and durum wheat this year due to the bumper crop for both grains. Exports licenses have already been issued for durum wheat with corn licenses pending. According to trade reports, the highest past export levels seen were 754,000 MT of corn in 2017 and 84,000 MT of durum in 2021. However, reports say that the corn exports in 2017 were mainly re-exports of imported corn. Egypt’s wheat reserves are reported at six months consumption, including the latest purchase of 360,000 MT. Egypt’s Suez Canal handles an average of 72 vessels per day with the total for 2022 reaching 25,887 vessels and a total...

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feed-grains soy-oilseeds wheat

Market Commentary: Grain Bulls Take a Breather, Livestock Futures Rally on Meat Demand

The CBOT was mostly in the red on Monday, though the weaker trade was primarily from bulls taking a breather after last week’s dramatic rally. After the recent surge in corn, the soy complex, and to a lesser extent wheat futures, the markets were overextended and due for a down day. That...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.85/bushel, down $0.0525 from yesterday's close.  May 25 Wheat closed at $5.475/bushel, down $0.0825 from yesterday's close.  May 25 Soybeans closed at $10.4175/bushel, down $0.01 from yesterday's close.  May 25 Soymeal closed at $297.1/short ton, down $2...

feed-grains wheat

Mercosur Regional Analysis

Grains  Argentina Ends Currency Controls; Grain Market Adjusts The Argentine government has announced the end of currency controls on the purchase of U.S. dollars at the official exchange rate, along with a unification of the official and financial exchange rates. The move includes the eli...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Bulls Take a Breather, Livestock Futures Rally on Meat Demand

The CBOT was mostly in the red on Monday, though the weaker trade was primarily from bulls taking a breather after last week’s dramatic rally. After the recent surge in corn, the soy complex, and to a lesser extent wheat futures, the markets were overextended and due for a down day. That...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.85/bushel, down $0.0525 from yesterday's close.  May 25 Wheat closed at $5.475/bushel, down $0.0825 from yesterday's close.  May 25 Soybeans closed at $10.4175/bushel, down $0.01 from yesterday's close.  May 25 Soymeal closed at $297.1/short ton, down $2...

feed-grains wheat

Mercosur Regional Analysis

Grains  Argentina Ends Currency Controls; Grain Market Adjusts The Argentine government has announced the end of currency controls on the purchase of U.S. dollars at the official exchange rate, along with a unification of the official and financial exchange rates. The move includes the eli...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Falling USD, Tariff Pause, and Technical Buying

CBOT futures and ag markets look very different today than they did just one week ago. Last Friday, ag futures were deep in the red with traders exiting positions and engaging in risk-off trade as the outlook for U.S. trade and the global economy seemed far from certain. This week, futures ende...

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From WPI Consulting

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