Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt, at the end of July, is once again the largest importer of maize from Brazil at about 2.6 million MT from January to July — followed by Iran at 1.1 MMT, Algeria at 665,000 MT, Saudi Arabia at 435,000 MT, and Israel at 220,000 MT. Egypt Grain Situation:
Wheat – Private-sector stocks of wheat are said to be very low due to the Black Sea situation. Private-sector stocks are said to cover only one month’s consumption. It is also difficult to obtain shipments from Constanza due to long vessel lineups. France is now shipping wheat to Egypt, with several cargoes said to be booked. Maize – Supply is very good in Egypt, with continued shipments from Brazi...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
Veterans Day offers a moment to pause and recognize the people behind the uniform. To all who have served and the families who have supported them, thank you for your dedication, courage and sacrifice. Markets had plenty of headlines to digest today, and grains offered some encouraging follow-t...
