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: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
