Egypt has decided to delay its planned increase in the price of fuel for industry, individuals and homes as the belief is that it would be bad for the overall economy and could also lead to unwanted social unrest at the time of forming a new government. This means that the cost of grain delivery there will not rise as had been expected.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Much to the relief of France, Egypt's trade ministry has temporarily revised its rules on the maximum allowable moisture level for wheat imports and will permit up to 13.5 percent moisture for the next nine months, 0.5 percent above the 13 percent standard that had been strictly applied for the past few months. While GASC has not yet revised its standard s...
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...
