World Perspectives
feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is reportedly discussing the financing of purchases of Kazakh wheat with an unnamed Abu Dhabi based bank. Egypt’s GASC is said to be negotiating this due to the Russian set floor price for wheat, which can be higher than international market prices. Egypt recently had to change the origin of 480,000 MT of wheat that was to come from Russia as the price was below the Russian floor price, supply was reported to have been switched to France and Bulgaria.  Egypt is to receive $10 million in food security support from OPEC as part of the overall $200 million in financing for Egypt from the Islamic Trade Fiancé Corporation. The OPEC funds...

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feed-grains soy-oilseeds wheat

Market Commentary: Bears Gain Control; Soybeans End Below $10, Corn Breaks Support

Bears regained control of the CBOT ag market trade on Monday, seemingly not because of the WASDE but rather because of shifting weather forecasts and apparently receding threats. The weather in South America is trending more favorably for the corn and soybean crops down there, and showers in th...

feed-grains wheat soy-oilseeds

European Market Analysis

Regional News  Political tensions between Algeria and France reportedly prompted the former country to exclude its traditionally favored European trading partner from a recent wheat purchase tender. Algeria in its latest tender specifically requested no submissions from France and purchase...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  After weeks of anticipation, rains finally arrived in the most needed areas of Argentina. At the beginning of the week, the central and northern parts of Córdoba, central and northern Santa Fe, and parts of Entre Ríos received significant rainfall. Toward the end of th...

feed-grains soy-oilseeds wheat

Market Commentary: Bears Gain Control; Soybeans End Below $10, Corn Breaks Support

Bears regained control of the CBOT ag market trade on Monday, seemingly not because of the WASDE but rather because of shifting weather forecasts and apparently receding threats. The weather in South America is trending more favorably for the corn and soybean crops down there, and showers in th...

feed-grains wheat soy-oilseeds

European Market Analysis

Regional News  Political tensions between Algeria and France reportedly prompted the former country to exclude its traditionally favored European trading partner from a recent wheat purchase tender. Algeria in its latest tender specifically requested no submissions from France and purchase...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  After weeks of anticipation, rains finally arrived in the most needed areas of Argentina. At the beginning of the week, the central and northern parts of Córdoba, central and northern Santa Fe, and parts of Entre Ríos received significant rainfall. Toward the end of th...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.0825/bushel, down $0.075 from yesterday's close.  Dec 24 Wheat closed at $5.8525/bushel, down $0.1375 from yesterday's close.  Nov 24 Soybeans closed at $9.96/bushel, down $0.095 from yesterday's close.  Dec 24 Soymeal closed at $315.3/short ton, up $0.2...

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