Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt seems to have finally settled the ergot problem that has plagued the wheat import business for several months. Government decree 1761/2017 is expected to now end the controversy and set the maximum allowable ergot level at 0.05 percent in the plant quarantine regulations. Black Sea port loading reports can be extremely detailed and also interesting. A review indicates the following regional purchases (volumes approximated) from Ukraine during December:
Egypt’s private sector (135,000 MT of corn) Israel (150,000 MT of corn) Turkey (227,000 MT of corn, including 12,000 MT of Moldovan origin) Turkey (142,000 MT of soybeans) Turkey (67,000 MT of wheat bran - transported i...
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...