World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Kenya reports that local maize and maize meal prices are dropping slightly as the local harvest has boosted supplies. However, maize imports are still needed despite those plentiful local stocks, and the government specified a significant volume that will need to be imported as the year progresses. Regional Updates MIDEAST/MEDITERRANEAN COMMENTS In Saudi Arabia, the Saudi General Grains Organisation (SAGO) will immediately take over the responsibility for barley imports from the finance ministry. According to government sources, more details regarding the change will be announced this week.The Stavropol Krai district of southern Russia has announced that wheat exports will be transported through Iran’s Anzali port on the Caspian Sea. How...

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feed-grains soy-oilseeds wheat

Market Commentary: War, Crude Oil Still Dominate

The geopolitics of war in Iran are said to now be eclipsing any market focus on next week’s USDA March WASDE report. Volumes were modest in today’s trading, but the message was nonetheless clear – shipping grain and inputs is getting complicated.  Notably, the ratio of De...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.605/bushel, up $0.07 from yesterday's close.  May 26 Wheat closed at $6.1675/bushel, up $0.33 from yesterday's close.  May 26 Soybeans closed at $12.0075/bushel, up $0.215 from yesterday's close.  May 26 Soymeal closed at $317.2/short ton, up $7.9 from ye...

Farm Bill Clears House of Representatives

After two days of mark-up, the so-called “skinny farm bill,” the Farm, Food, and National Security Act, cleared the House of Representatives Agriculture Committee by a vote of 34-17, with 7 Democrats joining all 27 Republicans voting in favor. It will now move to the House floor and...

feed-grains soy-oilseeds wheat

Market Commentary: War, Crude Oil Still Dominate

The geopolitics of war in Iran are said to now be eclipsing any market focus on next week’s USDA March WASDE report. Volumes were modest in today’s trading, but the message was nonetheless clear – shipping grain and inputs is getting complicated.  Notably, the ratio of De...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.605/bushel, up $0.07 from yesterday's close.  May 26 Wheat closed at $6.1675/bushel, up $0.33 from yesterday's close.  May 26 Soybeans closed at $12.0075/bushel, up $0.215 from yesterday's close.  May 26 Soymeal closed at $317.2/short ton, up $7.9 from ye...

Farm Bill Clears House of Representatives

After two days of mark-up, the so-called “skinny farm bill,” the Farm, Food, and National Security Act, cleared the House of Representatives Agriculture Committee by a vote of 34-17, with 7 Democrats joining all 27 Republicans voting in favor. It will now move to the House floor and...

feed-grains soy-oilseeds wheat

Middle East Grain Trade Trends

Somewhat lost in the current discussion over the impacts of the conflict in Iran and the Persian Gulf is the impact on grain trade. The region is not usually at the top of grain market analysts’ thinking when it comes to major demand centers, yet it accounts for significant global grain c...

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