The Turkish lira has reached a record low against the U.S. dollar after falling 22 percent so far in 2015, and that is pushing up prices for imported grains and proteins. Higher food costs are in turn having an impact on the country's overall consumer price index.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt's agriculture minister resigned this past Sunday at the request of the president. No reason was given, but the local press is guessing that it was due to either the local wheat program not working as well as planned because of the large volumes of imported wheat passing as local or the recent on-again-off-again ban on cotton imports.According to a recent report from USDA's Global Agriculture Information Network...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
