Milling Wheat The Black Sea wheat market was very quiet this week. The rumors about one or two cargoes of U.S. SRW being sold to Russia remain unconfirmed. There are still offers for Russian wheat in small coasters from the Azov Sea, which sounds strange when the domestic market is on fire and the country most likely will start importing in the coming weeks. However, the deficit is in the north and the surplus is in the south, and the distance between the two is 1,000-1,500 kilometers.A trade for Russian new crop 12.5 percent protein wheat was reported at $285 FOB Novorossiysk. The 11.5 percent protein wheat is offered at $267. Tunisia purchased 92,000 MT of optional origin wheat, paying between $354-360. It was reported that 25,000 MT w...
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 €...
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