The Egyptian government announced that the new bread allocation program has cut subsidy costs by 6 billion Egyptian pounds ($470 million). The supply ministry also indicated that one domestic wheat crop of high quality could be available for export.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Of great importance to all wheat buyers in the Middle East/North Africa (MENA) region is the news that Russia is considering a revision to its current wheat export tariff that could involve a reduction. Its wheat exports are lower than last season, and there has been concern that this tariff has made them less competitive. MENA buyers would of course be very pleased to see decreased export tariffs and perhaps a drop in the prices.W...
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...
