Egypt's government has advised that current stocks and orders of wheat will last until 19 June 2014, while the country's wheat crop has a very wide range of production estimates.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS This year's Egyptian wheat crop has a very wide range of production estimates with the highest from the agriculture ministry at 9.5 MMT, while other government officials believe that the maximum will be about 9 MMT. However, a survey of private traders indicates that they are much less positive as they expect a total crop of 7 MMT. While the agriculture ministry may be a little too enthusiastic, the traders' estimate is probably too low. A wheat production range of more than 8 MMT and just under 9 MMT is...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
