Milling Wheat The Black Sea market is firmer. If Russia’s export surplus is assumed to be 30 MMT for this year, the approximate 13 MMT it has already shipped since the start of the campaign are equivalent to 43 percent of that total. At the current pace, exports will reach 70 percent of the surplus by the end of November. The EU has exported 3.9 MMT to date in this campaign versus 5.8 MMT at the same time last year. The Turkish Grain Board (TMO) purchased 252,000 MT of optional origin wheat at an average price of $232.90/MT CNF for October shipment. The market in Romania and Bulgaria was very quiet last week with no major export trades reported. Farmers have started planting winter wheat under generally favorable conditions.
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What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
