Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s fertile Nile Delta is reportedly suffering from lower water levels in the Nile River, the result of drought in recent years at the river’s source. The Delta region is also being affected by increased salinization of the land, which experts say could lose up to 15 percent of its mass in the next 30 years. Farmers have stopped growing rice in the Delta due to its large water requirement, and they are depending on deep groundwater for wheat and corn crops. A recent report in Egypt indicated that wheat production could drop 18 percent because of water shortages.
Egypt is said to still be looking closely at ways of hedging wheat purchases for 2019/20. It is anticipated...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
