Egypt’s Booming Soybean Imports Egypt’s soybean imports have significantly risen due to a combination of sharp increases in soymeal demand from its poultry and aquaculture sectors, expanded soybean processing capacity and less expensive U.S. soybeans. USDA is forecasting it will import a total 3.05 MMT in 2017/18 versus 2.115 MMT in 2016/17 and projects the volume will reach 3.15 MMT in 2018/19. Oil World indicates Egypt imported 2.585 MMT of soybeans in the first eight months of CY 2018 compared with only 1.529 MMT during the same period last year. The table below shows that the largest beneficiary of this import growth has been the U.S.
USDA is forecasting Egypt’s 2017/18 soymeal imports will total 700,000 MT, subst...
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...
