Iran has cancelled both the wheat and barley import duties that had been added this past July. It is still expected to import about 4 MMT of wheat in 2015/16, an approximate 2.3 MMT drop from last year, after purchasing 8.3 MMT of domestic stocks.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Eid Al Adha period ended 28 September, and there is very little grain news from the Middle East/North Africa (MENA) region due to the four-five days of office closures associated with the holiday.Jordan has advised that the 100,000 MT of wheat donated by the U.S. government will be monetized (euphemism for sold) and the proceeds used to finance domestic agricultural projects. The selling of donated goods is quite a common practic...
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...
