Russian Deputy Minister of Agriculture Sergey Levin noted in a speech today that the ministry may reconsider the size of the wheat export duty or cancel it completely if the ruble stabilizes. Russian Grain Markets Grain Market Intervention Almost all offered lots were purchased (49,275 MT of 50,085 MT) during the 28 October grain market intervention trading session. This included: 24,300 MT of 3rd grade wheat; 16,605 MT of 4th grade wheat; 5,805 MT of 5th grade wheat; and 2,565 MT of 1st grade (feed) barley. Average purchase prices are noted below:
3rd grade wheat - $170.89/MT 4th grade wheat - $159.38/MT 5th grade wheat - $139.13/MT 1st grade barley - $118.54/MT
As of 28 October, 202,500 MT of grain have been purchased in total...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
