Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS At least 10 shipments of wheat (totaling 170,000 MT) have been delivered to Syria over the past 10 months from Crimea, which has had difficulties exporting that grain since being annexed by Russia and impacted by trade/financial sanctions. Syria has allegedly been paying for part of those stocks with olive oil exports to Crimea. Some industry experts have said that this trade is purposely with Crimea and not Russia to avoid any negative effect on the world’s attitude toward Russian wheat exports. With local production at about 1.4 MMT and a maximum 400,000 MT of consumption, Crimea is said to have 1 MMT of wheat available for export. Lebanon has also been a major destination for th...
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...
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Illuminating the value of technical research
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