Milling Wheat The milling wheat market in the Black Sea is under pressure in sympathy with U.S. wheat, but with very limited activity. The exporters are not particularly aggressive in the absence of farmers' selling, and the buyers in major destinations prefer to abstain from buying because offers are coming down every day.The Egyptian GASC did not announce any tender this week. Earlier this week it was reported that the GASC already had purchased 2.6 MMT of local wheat versus 2.2 MMT purchased at the same date last year.The EU this week allocated 135,000 MT of wheat export licenses, bringing the total to 12.2 MMT versus 17.8 MMT allocated at the same date last year.The weather in Bulgaria and Romania is excellent for the wheat developme...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Illuminating the value of technical research
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