According to a recent report on GMOs in South Africa, 86 percent of corn planted is GM as well as 90 percent of soybeans. These crops are said to have benefited the country by $933 million since 1998.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Saudi Arabia has ordered 500 new bulk railcars from Freight Car America Inc. Each bulk car can carry 100 MT and has an estimated useful life of 30 years. They will be used to transport cereals, cement, limestone and rock. The total cost for the purchase will be $67 million with delivery over the next 12 months.Egypt's GASC has not confirmed the report that it has cancelled 60,000 MT of wheat booked from Romania due to a problem with the documents presented. It is also reported i...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
