Black Sea wheat and corn prices are firmer this week, driven by the futures rallies in Paris, Chicago, and other global markets. Additionally, Ukrainian rains and low water levels in the Danube river are respectively delaying harvest and barge traffic. Milling Wheat The Black Sea market is firmer in sympathy with the futures rally in Paris, Chicago and other exchanges around the world. The domestic market in Russia and Ukraine is well supported, especially for good quality milling wheat.Several purchases of European/Black Sea wheat have occurred this week, with notable buyers including Egypt and Saudi Arabia. The Egyptian GASC bought 60,000 MT of Russian and 120,000 MT of Romanian wheat at $187 CNF. There were only 3 cargoes of Russian wh...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
Illuminating the value of technical research
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