Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap:
Egypt’s wheat market is very quiet due to good stocks and low demand. Private sector millers are using local wheat production. Egypt’s maize imports have picked up this week, with shipments arriving from both Brazil and Argentina. Stocks on hand are still very good. Local prices for imported maize are said to be below replacement as a result of the large stocks. A large volume of soybeans arrived this week — about 222,000 MT. Stocks are said to be high, with no need for new purchases before about September.
Egypt is reported by USSEC to be the second-largest importer of U.S. soybeans, having imported 4.5 MMT in the first 4...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
