Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS In Yemen, a U.N. World Food Program team is said to have reached the grain silos near Hodeida. It reports that the 51,000 MT of wheat stored there are suffering from weevil infection with further condition assessment to follow and that only one silo is damaged. A 76-silo grain facility with capacity for 200,000 MT has been completed in Eskisehir, west of Ankara in west-central Turkey. The facility has eight truck unloading/loading lines capable of handling 1,600 MT per hour.
The significant decline in Turkish purchases of Russian wheat during the first two months of 2019 has put pressure on that origin’s export prices. It has also caused a decrease in Black Sea coaster shipping...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
