India and Iran Hook Up on Soymeal Reports today indicate that Iranian firms have recently purchased about 100,000 MT of Indian soymeal for $420-435/MT FOB. Shipments are to begin in April.The U.S. and EU sanctions imposed on Iran for its nuclear policies apparently are the main reason why Iranian companies are turning to India for soymeal. The sanctions have reduced Iran's foreign exchange earnings and made financial transaction difficult. India is not participating in the sanctions because it relies on Iran for a lot of its petroleum needs and it sees a chance to capitalize on the current situation by expanding sales to Iran. Iran and India evidently have worked out a deal for India to use rupees to pay for 45 percent of its oil imports...
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...
Illuminating the value of technical research
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