Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Importers in the region of Argentina grains, oilseeds and derivatives should expect higher prices in coming days as the new Argentina government has increased export taxes. The tax has been changed from a flat rate per U.S. dollar value to a percentage of 12 percent for corn, wheat, sorghum, sunseeds and barley and 30 percent for soybeans, soymeal and soyoil. The registration of new export sales has been stopped --- prior to this expected export tax increase there had been an overwhelming rush to register export sales, as, once registered, the new tax would not apply to “old” sales. However, in a late development, the government has said that they will discuss the new export...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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Illuminating the value of technical research
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