Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Saudi Arabia is the new destination for one of the large sorghum vessels being rerouted from China due to that country’s antidumping tariff change. (According to Reuters, there are 22 such vessels sailing to China.) Although Saudi has been an importer of corn for the animal feed industry and not sorghum, the latter is expected to be used for that purpose and will probably replace some future corn imports. All About Feed published some very interesting statistics on feed production this week (see table below).
Saudi Arabia is the largest buyer of Russian barley, purchasing approximately 1.5 MMT during July 2017-February 2018. Closely following is Iran at about 1.1 MMT with Turkey...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
