Demand for Ukrainian wheat is still present in India. One vessel loaded in Bulgaria last week is also apparently destined there, and Russia has asked India to accept its wheat. However, there is an obstacle facing all three origins. Milling Wheat The Black Sea market remains firm due to slow farmer selling and strong export demand. Russia’s exports are now at 13 MMT, which was the exact total a year ago at the same time. At this pace, though, there is growing doubt that the country will be able to reach the projected 30 MMT for the current campaign; last year’s total was 24 MMT.Demand for Ukrainian wheat is still present in India. While difficult to determine the volume already sold, there are rumors it totals a minimum 1 MMT. One vessel...
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...
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