Morocco's Attijariwafa Bank is financing $300 million for Russian wheat purchases during the 2014/15 import period. The agreement was signed in Moscow last week with Dreyfus and Glencore said to be participating.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Egyptian government does not currently expect to meet its local wheat purchasing target of 4.4 MMT, which most felt was a little enthusiastic. However, it has bought 3.65 MMT to date and will be quite fortunate to reach 4 MMT (near the 2013 level) by the purchase program's conclusion on 20 June. According to the Egyptian Ministry of Supply, the country has sufficient local and imported wheat on hand to cover all needs for the next six months.Egypt is said to be develo...
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...
