Turkey is now the world's largest exporter of wheat flour, shipping as much as 2 MMT per year. Although quite a bit of that flour goes to Asia, its two main markets are Iraq and Syria with shipments to Sub-Sahara Africa more than doubling over the past few years.
News Updates The biggest news story this week is the situation in Russia and all the questions regarding who will or will not be receiving its wheat. Egyptian officials say they have been assured that all wheat orders will be shipped as contracted. Most market comments indicate that Russia's plight will have little effect on world markets but could certainly impact specific markets in North Africa and the Middle East by causing CNF prices to increase if importers have t...
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...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
