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feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt is expected to have to devalue its currency again according to Societe Generale bank. It says that by the end of the next quarter about 10 percent will have to be devalued in order to meet foreign exchange pressure. The Egyptian pound has dropped by 50 percent in value in the past 12 months.  Egypt’s overall inflation level reached 25.8 percent in January with the food sector showing inflation of 48 percent. Meat and poultry prices were up by 20.6 percent in January alone. Egypt’s chicken prices are dropping after the government released 100,000 MT of Brazilian frozen chicken to the market through its retail operations. Frozen chicke...

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feed-grains soy-oilseeds wheat

Market Commentary: Soymeal, KCBT Wheat Lead Tuesday Rallies; Acreage and Stocks Reports Loom

The CBOT was mostly higher on Tuesday with traders increasingly preparing and positioning for the coming acreage and Grain Stocks reports. The soy complex was the upside leader for the day with turnaround in soymeal and soybeans gaining steam and attracting more technical buying interest. There...

feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close.  May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close.  May 23 Soymeal closed at $457.9/short ton, up $11.9 f...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Grain markets have been upset by concerns that Russia could stop its export of wheat and sunflower seed on a temporary basis due to the recent drop in world prices. Discussions are expected in Russia this week bet...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal, KCBT Wheat Lead Tuesday Rallies; Acreage and Stocks Reports Loom

The CBOT was mostly higher on Tuesday with traders increasingly preparing and positioning for the coming acreage and Grain Stocks reports. The soy complex was the upside leader for the day with turnaround in soymeal and soybeans gaining steam and attracting more technical buying interest. There...

feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close.  May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close.  May 23 Soymeal closed at $457.9/short ton, up $11.9 f...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Grain markets have been upset by concerns that Russia could stop its export of wheat and sunflower seed on a temporary basis due to the recent drop in world prices. Discussions are expected in Russia this week bet...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises on Weather Concerns, Acres and Stocks Expectations

The CBOT was green across the board on Monday, though trading volume remained lighter than normal. Traders were focused on continued news from Russia that, even if it doesn’t limit wheat exports, it will seek to raise the export price of its products. That, combined with position evening...

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