Maize prices in Kenya have been moving higher as import supplies have become increasingly more difficult to source from neighboring countries. They have reportedly risen by close to 50 percent since January. MIDDLE EAST/MEDITERRANEAN COMMENTS The latest USDA comments regarding the Middle East/North Africa (MENA) region point out how expansion of the poultry and livestock sectors has driven up corn and barley usage there by 15 MMT and 7 MMT, respectively, in ten years. The corn sector’s largest growth has occurred in Algeria and Egypt with barley’s taking place in Saudi Arabia and Iran. Interestingly, Saudi Arabia’s imports total more than one-third of the world barley trade. USDA also notes that U.S. corn shipments to the MENA region have...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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