Turkey may pull out of its customs union with the EU if the EU/U.S. Transatlantic Trade and Investment Partnership (TTIP) is ratified without its inclusion. The government stated that products of non-EU origin are able to surreptitiously enter its borders due to EU trade agreements with other countries, and it does not want the same to occur with U.S. products.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Algerian grain imports are up considerably in 2014, totaling 4.9 MMT through the end of May. That is a 29 percent increase over 2013 with wheat at 2.3 MMT (up 18 percent), corn at 1.6 MMT (up 51 percent), durum wheat at 716,000 MT (up 40 percent) and feed barley at 296,000 MT (up 5 percent). During the Arab Spring and...
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...
