Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The government of Lebanon has said that while the Beirut grain silos were destroyed, there should be no shortage of grain as discharge of grain vessels will move to Tripoli port. The government adds that there is about 1.5 months wheat supply available outside of Beirut port and grain traders say there may be an even higher level on hand. It is also reported that there are two small vessels with about 10,000 MT of Ukraine wheat locked in Beirut port. The two vessels are reported to be in good condition just not able to leave the damaged port so far. At the time of the Beirut explosion as much as 120,000 MT of wheat and soymeal were said to be in the port in the silos and...
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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...