Iraqi grain traders advise that it has become impossible for Syria to deliver the wheat to Iraq that was arranged in June 2013 as truckers are not able to avoid the current difficulties in both countries that have limited transportation access.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS A review of the USDA July WASDE, which was released last week, indicates little change in the region's production, consumption and trade numbers when compared with the previous month's report. The only revisions appear to be that Egypt's total wheat consumption is forecast to drop from 19.2 MMT to 18.8 MMT, and Middle Eastern corn imports are expected to increase 100,000 MT to 13.4 MMT.Iranian officials have said that imported wheat require...
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...
