While Turkey's demand for both soybeans and soymeal is rising due to expansion in the poultry and livestock sector, it can only be met by increasing imports. About 40 percent of the soybean imports and 35 percent of the soymeal imports come from the U.S.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS India reports that close to 40,000 MT of soybean extraction were exported to the Middle East/North Africa (MENA) region during April-May 2014. This included 35,500 MT to Iran, 2,500 MT to Kuwait and 1,900 MT to Oman.The USDA Export Credit Guarantee Program (GSM-102) reports that all but $15 million of the $212,500,000 allocated to the Africa-Middle East region has been used. The GSM-102 program to Turkey of$ 312,500,000 has been e...
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...
