Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE/EASTMEDITERRANEAN COMMENTS The Egyptian government has set its purchase price for local wheat, and the highest quality is fixed at $212-215/MT. While this is above the level of last year and reportedly based on an average of the international prices paid by Egypt in rece...
Oilseed Highlights: Soybean Sales and Shipments; WASDE Report
Soybean Exporters Realigning Sales/Shipments Due to Possible Chinese Tariff China’s announcement that it will impose a 25 percent tariff on U.S. soybeans if the U.S. applies a similar tariff on imports from that country has caused soybean importers and exporters to quickly realign sales a...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEANCOMMENTS North African buyers of French wheat are finding that their shipments are delayed because of railway strikes in France that have created a logistics problem in moving grain. This has been further compounded by a sudden port worker strike in Rou...
Trade War Adjustments; Imports Too!
Trade War Adjustments Back in 1973, the U.S. imposed a soybean export embargo and then export licensing requirements due to short supply concerns. The result was the birth of the Brazilian soybean industry as Japan sought to diversify its suppliers and began investments in South America. Now ma...
Trump’s Curious Trade Policy; Alt “Meat”
Trump’s Curious Trade Policy Developments in U.S. trade policy are not consistent with the professed message of the Trump administration. For example: Arbitrary Deadlines: Washington Trade Daily is reporting that the Trump administration is pushing its NAFTA partners to be able to announc...
Middle East, Mediterranean and Africa Regional Analysis
News Updates Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Oman Food Investment Holding Company (OFIC) is planning to invest $100 million in a facility that can produce 750,000 MT of soymeal and 175,000 MT of soyoil annually, which should be sufficient to cover 100 percent of Oman&rsq...
Market Commentary
Markets had strong buying in the Sunday night session following the three-day Easter weekend and USDA’s bullish corn/soybean acreage estimates of last Thursday. The overnight rally then quickly lost steam this morning, partially due to ideas that those USDA acreage estimates were perhaps...
Southeast Europe Regional Analysis
Milling Wheat Domestic prices in Russia were stable except for the $4/MT increase in the southern region, which is close to the Black Sea and Azov Sea ports, as the surplus there has been reduced significantly. Exporters are now forced to cover their commitments from sources located far from th...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egyptian officials say that the government plans to buy at least 4 MMT of local wheat in 2018, an increase of 10 percent or more versus last year. The government has not yet announced its 2018 purchase price, but that is expected soon. Pakista...
Mercosur Regional Analysis
Soybeans Market Overview The South American markets keep rising as President Trump’s announcement last week that he would impose duties on Chinese steel and aluminum imports caused an immediate reaction from China, which imposed its own import duties on U.S. products. The big fear, howeve...
Trade Wars and Surrender; Compensating the Victims; African Opportunity
Trade Wars and Surrender With this week’s retaliation announcements by China and the EU, the trade war has begun. Then again, all trade and trade policies comprise the weapons of competitive battle. One hawkish observation is that until now, China has been in a one-sided trade war. Howeve...
Indian Subcontinent Regional Analysis
Soybean Supply and Demand Balance Shows Deficit While the government of India (GOI) has forecast the 2017/18 soybean crop at 11.39 MMT, the trade and industry is projecting 7.2-7.5 MMT. Domestic crushers have procured 0.1 MMT from various African origins (mainly Ethiopia) in recent months as th...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE/EASTMEDITERRANEAN COMMENTS The Egyptian government has set its purchase price for local wheat, and the highest quality is fixed at $212-215/MT. While this is above the level of last year and reportedly based on an average of the international prices paid by Egypt in rece...
Oilseed Highlights: Soybean Sales and Shipments; WASDE Report
Soybean Exporters Realigning Sales/Shipments Due to Possible Chinese Tariff China’s announcement that it will impose a 25 percent tariff on U.S. soybeans if the U.S. applies a similar tariff on imports from that country has caused soybean importers and exporters to quickly realign sales a...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEANCOMMENTS North African buyers of French wheat are finding that their shipments are delayed because of railway strikes in France that have created a logistics problem in moving grain. This has been further compounded by a sudden port worker strike in Rou...
Trade War Adjustments; Imports Too!
Trade War Adjustments Back in 1973, the U.S. imposed a soybean export embargo and then export licensing requirements due to short supply concerns. The result was the birth of the Brazilian soybean industry as Japan sought to diversify its suppliers and began investments in South America. Now ma...
Trump’s Curious Trade Policy; Alt “Meat”
Trump’s Curious Trade Policy Developments in U.S. trade policy are not consistent with the professed message of the Trump administration. For example: Arbitrary Deadlines: Washington Trade Daily is reporting that the Trump administration is pushing its NAFTA partners to be able to announc...
Middle East, Mediterranean and Africa Regional Analysis
News Updates Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The Oman Food Investment Holding Company (OFIC) is planning to invest $100 million in a facility that can produce 750,000 MT of soymeal and 175,000 MT of soyoil annually, which should be sufficient to cover 100 percent of Oman&rsq...
Market Commentary
Markets had strong buying in the Sunday night session following the three-day Easter weekend and USDA’s bullish corn/soybean acreage estimates of last Thursday. The overnight rally then quickly lost steam this morning, partially due to ideas that those USDA acreage estimates were perhaps...
Southeast Europe Regional Analysis
Milling Wheat Domestic prices in Russia were stable except for the $4/MT increase in the southern region, which is close to the Black Sea and Azov Sea ports, as the surplus there has been reduced significantly. Exporters are now forced to cover their commitments from sources located far from th...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egyptian officials say that the government plans to buy at least 4 MMT of local wheat in 2018, an increase of 10 percent or more versus last year. The government has not yet announced its 2018 purchase price, but that is expected soon. Pakista...
Mercosur Regional Analysis
Soybeans Market Overview The South American markets keep rising as President Trump’s announcement last week that he would impose duties on Chinese steel and aluminum imports caused an immediate reaction from China, which imposed its own import duties on U.S. products. The big fear, howeve...
Trade Wars and Surrender; Compensating the Victims; African Opportunity
Trade Wars and Surrender With this week’s retaliation announcements by China and the EU, the trade war has begun. Then again, all trade and trade policies comprise the weapons of competitive battle. One hawkish observation is that until now, China has been in a one-sided trade war. Howeve...
Indian Subcontinent Regional Analysis
Soybean Supply and Demand Balance Shows Deficit While the government of India (GOI) has forecast the 2017/18 soybean crop at 11.39 MMT, the trade and industry is projecting 7.2-7.5 MMT. Domestic crushers have procured 0.1 MMT from various African origins (mainly Ethiopia) in recent months as th...