World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS: As had been rumored in recent weeks, Iran, Russia and Kazakhstan have now signed an official “memorandum of understanding” for the import of Russian and Kazakh wheat. However, according to the deputy Ag Minister the agreement will be temporary. Iran will also become a member of the Eurasian Economic Union which could greatly benefit Iran’s’ exports with tariff reductions on 503 items. Iran has not been able to reach its target wheat purchase from local farmers and will probably have to import about 3 MMT of wheat. Officials in Iran say farmers are holding wheat stocks and that the government would rather buy locally than import. Stocks in the country are said to...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.7675/bushel, up $0 from yesterday's close.  Mar 20 Wheat closed at $5.245/bushel, up $0.0075 from yesterday's close.  Jan 20 Soybeans closed at $8.895/bushel, up $0.0525 from yesterday's close.  Jan 20 Soymeal closed at $299.3/short ton, down $2.2 from ye...

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