The trade reports that Egypt's payment for government-purchased grains is slowing significantly with delays in opening letters of credit for tender purchases. Meanwhile, USDA FAS Cairo has issued its latest Grain and Feed report that forecasts Egyptian imports of both wheat and corn will rise slightly in 2014.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Turkey's Ministry of Food, Agriculture and Livestock has issued final 2013 planting and production numbers for grains with some very interesting details regarding changes since 2005. Wheat planted area has dropped by 16 percent, but total wheat production has still increased by close to 3 percent overall to 22 MMT. Barley planting area has declined by about 26 percent with p...
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...
