Farmers in Zimbabwe continue to be unhappy with the government's set purchase price for local corn that is said to be about $30/MT lower than the cost of production.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Turkish government has authorized the state grain board, TMO, to import a total of 4.2 MMT of grain, duty-free, in order to counterbalance expected crop shortages resulting from the severe drought in parts of the country. TMO will hold tenders for the import of a maximum 2.5 MMT of wheat, 1 MMT of barley, 500,000 MT of corn and 200,000 MT of rice. It is expected to tender for the imports later in 2014, and local traders anticipate that September/October will be the most likely import time.In a move that will raise...
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...
