Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s Aswan area is said to have the country’s first outbreak of fall armyworms, and the government is reportedly taking immediate action against this threat. The latest FAO report on Tunisia shows wheat and barley production for 2019 to be significantly higher than the 2018 total and the five-year average (see table below). While imports are expected to drop, they will only be down about 20 percent versus both last year and the five-year average.
Iran’s agriculture minister said the country’s wheat production for the Iranian calendar year that ended 20 March 2019 will be up 1.2 MMT at 14.5 MMT. Experts indicate that very good rainfall and improved seed qual...
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...