Wheat farmers in Kenya are very concerned because of an outbreak of wheat stem rust. No control for this type of wheat rust exists as it was first seen in Ethiopia in 2013, and there has been no time to develop resistant wheat strains.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egyptian industries continue to face a long summer of power outages and limited fuel supplies, as noted in a previous report. The country has increased natural gas and coal imports for electricity generation, but commercial suppliers find it difficult to ship there due to the very high level of outstanding debt for previous energy imports. Electricity cutoffs of about two hours late in the day are becoming the normal occurrence in parts of Egypt, an...
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...
