Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt’s government is said to be disappointed in the country’s wheat production as it reportedly did not reflect the 12 percent increase in planted area. There were comments in some publications that the actual production was probably at a reasonable level versus past years, which had inflated totals due to either imported wheat that was reported as local stocks or the inclusion of volumes purchased by the government that did not exist. With much better controls this year, however, the 3.4 MMT purchased by the government is said to be an accurate number that does not include any imported wheat. Critics of the Egyptian government have said that it’s failure to supply hi...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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