Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap:
Egypt’s wheat market is very quiet due to good stocks and low demand. Private sector millers are using local wheat production. Egypt’s maize imports have picked up this week, with shipments arriving from both Brazil and Argentina. Stocks on hand are still very good. Local prices for imported maize are said to be below replacement as a result of the large stocks. A large volume of soybeans arrived this week — about 222,000 MT. Stocks are said to be high, with no need for new purchases before about September.
Egypt is reported by USSEC to be the second-largest importer of U.S. soybeans, having imported 4.5 MMT in the first 4...
What You Need to Know Today: Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade cou...
The heat of summer is now transitioning into more moderate temperatures, and the next two months have the busiest marketing periods of the year for replacement cattle. Weather always influences the replacement cattle market, and the primary grain belt in the Southern Plains, where many cattle a...
