South Africa’s Crop Estimates Committee has forecast that maize plantings will increase 31 percent in 2017 with those of white maize up by 53.5 percent and yellow maize by 6.4 percent. Meanwhile, there is a debate in the country regarding usage of Roundup weed killer.
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Russia has issued a report on corn exports, both domestic and global, which shows that 1.7 MMT of the 4.7 MMT it exported in 2015/16 went to the Middle Eastern countries of Turkey (1 MMT), Lebanon (360,000 MT) and Iran (214,000 MT). In addition, 1.3 MMT went to the EU and 1.1 MMT to East Asia (mainly South Korea). Thus far in 2016/17, Russia has exported 1 MMT of corn to the Middle East. According to the r...
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...
