Feed Grains
Market Commentary: China Buying Sends Corn to Contract High; Livestock Futures Retreat
CBOT markets continue to rebound from last week’s selloff with soyoil leading the way and corn posting a new contract high overnight. Canola futures rallied again to new contract highs, which helped the CBOT soy complex firm on Wednesday. Wheat was the laggard of the CBOT with traders usi...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
PM Post - Both Sides of Unchanged
THE OPEN March beans: 19 higher March meal: 5.90 higher March soyoil: 120 higher March corn: 11 higher March wheat: 4 3/4 higher The markets opened as called but swiftly traded both sides of unchanged with wheat futures leading the way lower. The business announcem...
Market Commentary: China Buying Sends Corn to Contract High; Livestock Futures Retreat
CBOT markets continue to rebound from last week’s selloff with soyoil leading the way and corn posting a new contract high overnight. Canola futures rallied again to new contract highs, which helped the CBOT soy complex firm on Wednesday. Wheat was the laggard of the CBOT with traders usi...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
PM Post - Both Sides of Unchanged
THE OPEN March beans: 19 higher March meal: 5.90 higher March soyoil: 120 higher March corn: 11 higher March wheat: 4 3/4 higher The markets opened as called but swiftly traded both sides of unchanged with wheat futures leading the way lower. The business announcem...
Black Sea Regional Analysis
Russian Grain Markets, 18-22 January 2021 The Russian domestic market prices followed the same pattern as the week before with little movement, increasing mainly in the southern region. The updated grain export duties order was signed on 23 January and the market hasn’t yet reacted to the...
Soy & Oilseeds
Market Commentary: China Buying Sends Corn to Contract High; Livestock Futures Retreat
CBOT markets continue to rebound from last week’s selloff with soyoil leading the way and corn posting a new contract high overnight. Canola futures rallied again to new contract highs, which helped the CBOT soy complex firm on Wednesday. Wheat was the laggard of the CBOT with traders usi...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
Canola Has Further to Climb
March canola oil closed at a new contract high today of $717.40/MT. IMF data shows global vegetable oil prices moving higher and canola oil likely still has further to climb. Overall rapeseed oil prices are responding to the tightening in global stocks. Global rapeseed oil stocks are 7.6 percen...
Market Commentary: China Buying Sends Corn to Contract High; Livestock Futures Retreat
CBOT markets continue to rebound from last week’s selloff with soyoil leading the way and corn posting a new contract high overnight. Canola futures rallied again to new contract highs, which helped the CBOT soy complex firm on Wednesday. Wheat was the laggard of the CBOT with traders usi...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
Canola Has Further to Climb
March canola oil closed at a new contract high today of $717.40/MT. IMF data shows global vegetable oil prices moving higher and canola oil likely still has further to climb. Overall rapeseed oil prices are responding to the tightening in global stocks. Global rapeseed oil stocks are 7.6 percen...
PM Post - Both Sides of Unchanged
THE OPEN March beans: 19 higher March meal: 5.90 higher March soyoil: 120 higher March corn: 11 higher March wheat: 4 3/4 higher The markets opened as called but swiftly traded both sides of unchanged with wheat futures leading the way lower. The business announcem...
Wheat
Market Commentary: China Buying Sends Corn to Contract High; Livestock Futures Retreat
CBOT markets continue to rebound from last week’s selloff with soyoil leading the way and corn posting a new contract high overnight. Canola futures rallied again to new contract highs, which helped the CBOT soy complex firm on Wednesday. Wheat was the laggard of the CBOT with traders usi...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
PM Post - Both Sides of Unchanged
THE OPEN March beans: 19 higher March meal: 5.90 higher March soyoil: 120 higher March corn: 11 higher March wheat: 4 3/4 higher The markets opened as called but swiftly traded both sides of unchanged with wheat futures leading the way lower. The business announcem...
Market Commentary: China Buying Sends Corn to Contract High; Livestock Futures Retreat
CBOT markets continue to rebound from last week’s selloff with soyoil leading the way and corn posting a new contract high overnight. Canola futures rallied again to new contract highs, which helped the CBOT soy complex firm on Wednesday. Wheat was the laggard of the CBOT with traders usi...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
PM Post - Both Sides of Unchanged
THE OPEN March beans: 19 higher March meal: 5.90 higher March soyoil: 120 higher March corn: 11 higher March wheat: 4 3/4 higher The markets opened as called but swiftly traded both sides of unchanged with wheat futures leading the way lower. The business announcem...
Black Sea Regional Analysis
Russian Grain Markets, 18-22 January 2021 The Russian domestic market prices followed the same pattern as the week before with little movement, increasing mainly in the southern region. The updated grain export duties order was signed on 23 January and the market hasn’t yet reacted to the...
Livestock
Market Commentary: China Buying Sends Corn to Contract High; Livestock Futures Retreat
CBOT markets continue to rebound from last week’s selloff with soyoil leading the way and corn posting a new contract high overnight. Canola futures rallied again to new contract highs, which helped the CBOT soy complex firm on Wednesday. Wheat was the laggard of the CBOT with traders usi...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
Market Commentary: Export Demand and Fund Buying Lifts CBOT
Export demand and a resurgence of fund buying sent CBOT corn, wheat, and soy complex futures sharply higher on Tuesday. The recent correction, whether driven by Chinese fund liquidation, margin calls, or profit taking, looks to have done its job of chasing out weak longs and stimulating commerc...
Market Commentary: China Buying Sends Corn to Contract High; Livestock Futures Retreat
CBOT markets continue to rebound from last week’s selloff with soyoil leading the way and corn posting a new contract high overnight. Canola futures rallied again to new contract highs, which helped the CBOT soy complex firm on Wednesday. Wheat was the laggard of the CBOT with traders usi...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
Market Commentary: Export Demand and Fund Buying Lifts CBOT
Export demand and a resurgence of fund buying sent CBOT corn, wheat, and soy complex futures sharply higher on Tuesday. The recent correction, whether driven by Chinese fund liquidation, margin calls, or profit taking, looks to have done its job of chasing out weak longs and stimulating commerc...
January Cold Storage Report
The January Cold Storage report continues to reflect the impact of surprisingly strong domestic and export demand for pork while covid-19 related restaurant lockdowns restrict chicken breast demand. Total meat and poultry supplies are down 10.7 percent from 2019, with total beef st...
Biofuels
COVID Impact on Ethanol Triggered Thinking on Long Term Ethanol Demand
The current renewable fuel standard (RFS) went into place in 2008 after the legislation was passed in the 2007 Energy Independence and Security Act (EISA); that bill raised the biofuel obligations from the original 2005 Energy Policy Act’s initial RFS. Of course, COVID in 2020 had a major...
Ag Review - December 2020
WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue looks at global food supplies, the direction of the diesel market, Russia’s crop production, the future of agribusiness under the new Biden Administration, an analysis of market...
Heads Up: 2021 RVO for Biofuels is Coming
We previously reported that the Trump Administration EPA would likely “punt” on issuing the 2021 required volume obligations (RVOs) rule and leave it to the incoming Biden EPA. Specifically, we speculated that “a retroactive 2021 RVO would be issued next spring/summer” b...
COVID Impact on Ethanol Triggered Thinking on Long Term Ethanol Demand
The current renewable fuel standard (RFS) went into place in 2008 after the legislation was passed in the 2007 Energy Independence and Security Act (EISA); that bill raised the biofuel obligations from the original 2005 Energy Policy Act’s initial RFS. Of course, COVID in 2020 had a major...
Ag Review - December 2020
WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue looks at global food supplies, the direction of the diesel market, Russia’s crop production, the future of agribusiness under the new Biden Administration, an analysis of market...
Heads Up: 2021 RVO for Biofuels is Coming
We previously reported that the Trump Administration EPA would likely “punt” on issuing the 2021 required volume obligations (RVOs) rule and leave it to the incoming Biden EPA. Specifically, we speculated that “a retroactive 2021 RVO would be issued next spring/summer” b...
Diesel Market Slowly Returning to Balance
According to the U.S. Energy Information Administration, at the end of November, U.S. distillate inventories fell to 145.8 million barrels, which was back within the previous five-year (2015–19) range for the first time since 8 May. Diesel demand dropped to its low the most in June and fu...
Farm Inputs
AM Outlook - Overbought?
GOOD MORNING, Prices are higher across the board this morning as beans and soyoil place new contract highs for the week, continuing strong up-trends. Crude oil is firmer, which underpins the soyoil market, though Asian values are a bit lower this AM. Higher world vegoil markets in t...
Exporting Water
The latest mantra from development specialists is concern about the future availability of water. It is an old topic but a durable one given the preciousness of the resource. Since 70 percent of the withdrawals of freshwater around the world are for agriculture, and 60 percent more food must be...
Green on Black Equals Red; Fake Honey
Green Impact on Black Equals Red Activists in Europe are protesting against today’s “Black Friday” shopping extravaganza. They argue that the environmental externalities of consumerism will destroy the planet. This begs the question of whether commercial minimalism will destro...
AM Outlook - Overbought?
GOOD MORNING, Prices are higher across the board this morning as beans and soyoil place new contract highs for the week, continuing strong up-trends. Crude oil is firmer, which underpins the soyoil market, though Asian values are a bit lower this AM. Higher world vegoil markets in t...
Exporting Water
The latest mantra from development specialists is concern about the future availability of water. It is an old topic but a durable one given the preciousness of the resource. Since 70 percent of the withdrawals of freshwater around the world are for agriculture, and 60 percent more food must be...
Green on Black Equals Red; Fake Honey
Green Impact on Black Equals Red Activists in Europe are protesting against today’s “Black Friday” shopping extravaganza. They argue that the environmental externalities of consumerism will destroy the planet. This begs the question of whether commercial minimalism will destro...
Technical Views - Meal Correction Upwards
SPREADS September KC/Chicago spreads moved to new contract lows yesterday. KC wheat/corn spreads moved back to levels conducive to putting HRW back into feed. October crush firms to 1.07c/bu while oilshare firms to new highs at 33 percent. Dec/March corn trades from 10c...
Equities
Summary of Futures
Mar 21 Corn closed at $4.2375/bushel, up $0.03 from yesterday's close. Mar 21 Wheat closed at $5.885/bushel, up $0.1125 from yesterday's close. Jan 21 Soybeans closed at $11.53/bushel, down $0.09 from yesterday's close. Jan 21 Soymeal closed at $385.6/short ton, down $4.6 from...
Summary of Futures
Dec 20 Corn closed at $4.1625/bushel, up $0.0575 from yesterday's close. Dec 20 Wheat closed at $5.98/bushel, up $0.045 from yesterday's close. Jan 21 Soybeans closed at $11.535/bushel, up $0.055 from yesterday's close. Dec 20 Soymeal closed at $389.3/short ton, up $1.2 from y...
Historical Coronavirus Impacts
While agricultural commodity values have been adversely impacted by the latest coronavirus afflicting human populations, it has been nothing like the beating being taken by the equities markets. In both cases there is a view that the selloff has been exaggerated. In the parlance of Chicago, ove...
Summary of Futures
Mar 21 Corn closed at $4.2375/bushel, up $0.03 from yesterday's close. Mar 21 Wheat closed at $5.885/bushel, up $0.1125 from yesterday's close. Jan 21 Soybeans closed at $11.53/bushel, down $0.09 from yesterday's close. Jan 21 Soymeal closed at $385.6/short ton, down $4.6 from...
Summary of Futures
Dec 20 Corn closed at $4.1625/bushel, up $0.0575 from yesterday's close. Dec 20 Wheat closed at $5.98/bushel, up $0.045 from yesterday's close. Jan 21 Soybeans closed at $11.535/bushel, up $0.055 from yesterday's close. Dec 20 Soymeal closed at $389.3/short ton, up $1.2 from y...
Historical Coronavirus Impacts
While agricultural commodity values have been adversely impacted by the latest coronavirus afflicting human populations, it has been nothing like the beating being taken by the equities markets. In both cases there is a view that the selloff has been exaggerated. In the parlance of Chicago, ove...
Market Commentary
President Trump’s Twitter account was in overdrive this morning as he lashed out at China in a series of tweets, including a note that U.S. companies are “hereby ordered” to find alternatives to that country. This could be part of a bizarre negotiating strategy, a knee-jerk re...
Energy
Summary of Futures
Mar 21 Corn closed at $5.115/bushel, up $0.11 from yesterday's close. Mar 21 Wheat closed at $6.485/bushel, up $0.14 from yesterday's close. Mar 21 Soybeans closed at $13.435/bushel, up $0.3175 from yesterday's close. Mar 21 Soymeal closed at $429.6/short ton, up $8 from yeste...
Summary of Futures
Mar 21 Corn closed at $5.005/bushel, down $0.2375 from yesterday's close. Mar 21 Wheat closed at $6.345/bushel, down $0.2625 from yesterday's close. Mar 21 Soybeans closed at $13.1175/bushel, down $0.585 from yesterday's close. Mar 21 Soymeal closed at $421.6/short ton, down $...
Summary of Futures
Mar 21 Corn closed at $5.2425/bushel, up $0.0225 from yesterday's close. Mar 21 Wheat closed at $6.6075/bushel, down $0.07 from yesterday's close. Mar 21 Soybeans closed at $13.7025/bushel, up $0.0075 from yesterday's close. Mar 21 Soymeal closed at $438.2/short ton, down $4.2...
Summary of Futures
Mar 21 Corn closed at $5.115/bushel, up $0.11 from yesterday's close. Mar 21 Wheat closed at $6.485/bushel, up $0.14 from yesterday's close. Mar 21 Soybeans closed at $13.435/bushel, up $0.3175 from yesterday's close. Mar 21 Soymeal closed at $429.6/short ton, up $8 from yeste...
Summary of Futures
Mar 21 Corn closed at $5.005/bushel, down $0.2375 from yesterday's close. Mar 21 Wheat closed at $6.345/bushel, down $0.2625 from yesterday's close. Mar 21 Soybeans closed at $13.1175/bushel, down $0.585 from yesterday's close. Mar 21 Soymeal closed at $421.6/short ton, down $...
Summary of Futures
Mar 21 Corn closed at $5.2425/bushel, up $0.0225 from yesterday's close. Mar 21 Wheat closed at $6.6075/bushel, down $0.07 from yesterday's close. Mar 21 Soybeans closed at $13.7025/bushel, up $0.0075 from yesterday's close. Mar 21 Soymeal closed at $438.2/short ton, down $4.2...
Summary of Futures
Mar 21 Corn closed at $5.22/bushel, down $0.04 from yesterday's close. Mar 21 Wheat closed at $6.6775/bushel, down $0.045 from yesterday's close. Mar 21 Soybeans closed at $13.695/bushel, down $0.1625 from yesterday's close. Mar 21 Soymeal closed at $442.4/short ton, down $8.1...
Softs
2021 Sour Domestic Sugar Outlook
The MY 2020/21 outlook for sugar is for more domestic production and a reduction in imports, but with lower deliveries and increasing year-end stocks. Beet sugar production is up 133,662 short tons – raw value (STRV) based on higher extraction rates in Minnesota and North Dakota. Cane pro...
Agriculture and RCEP
Asian leaders gather this Sunday to hopefully put the final touches on a trade agreement called the Regional Comprehensive Economic Partnership (RCEP). The negotiations have taken eight years and, as usual, the word comprehensive does not apply to agriculture. Likely exempt from tariff reductio...
CFTC Approves Commodity Position Limits
One common thread running through part of the history of grain trading has been the subject of federally set limits on the size of positions that a trader could hold in grain and oilseed futures and options. On 15 October, the CFTC finally approved a new rule regarding commodity position limits...
2021 Sour Domestic Sugar Outlook
The MY 2020/21 outlook for sugar is for more domestic production and a reduction in imports, but with lower deliveries and increasing year-end stocks. Beet sugar production is up 133,662 short tons – raw value (STRV) based on higher extraction rates in Minnesota and North Dakota. Cane pro...
Agriculture and RCEP
Asian leaders gather this Sunday to hopefully put the final touches on a trade agreement called the Regional Comprehensive Economic Partnership (RCEP). The negotiations have taken eight years and, as usual, the word comprehensive does not apply to agriculture. Likely exempt from tariff reductio...
CFTC Approves Commodity Position Limits
One common thread running through part of the history of grain trading has been the subject of federally set limits on the size of positions that a trader could hold in grain and oilseed futures and options. On 15 October, the CFTC finally approved a new rule regarding commodity position limits...
Could Be More Bearish
Trading grain is not as sexy now as it was back in 2007-2008, but it could be worse. Orange juice futures were a big deal in 1983 when the movie Trading Places was a Hollywood hit but the underlying commodity has been falling out of favor in recent years. Global production and trade have been t...
Macroeconomics
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
Market Commentary: Export Demand and Fund Buying Lifts CBOT
Export demand and a resurgence of fund buying sent CBOT corn, wheat, and soy complex futures sharply higher on Tuesday. The recent correction, whether driven by Chinese fund liquidation, margin calls, or profit taking, looks to have done its job of chasing out weak longs and stimulating commerc...
Coproduct Gets Dissed
Global oilseed demand has been robust, growing by nearly a third over the past decade. Yet global cottonseed production has been flat to declining. By contrast, U.S. cottonseed production has been erratic, with a forecasted drop in output in MY 2020/21 after rising sharply in the mid-2000&rsquo...
China In-Country Analysis
Macro Trends China’s Ag Investment Lags, Slows Rural Development Goals As reported by the China rural economy blog, Dims Sums, the central government is desperately seeking to increase investment in the ag sector to prop up rural economies. China’s Ministry of Agriculture and Rural...
Market Commentary: Export Demand and Fund Buying Lifts CBOT
Export demand and a resurgence of fund buying sent CBOT corn, wheat, and soy complex futures sharply higher on Tuesday. The recent correction, whether driven by Chinese fund liquidation, margin calls, or profit taking, looks to have done its job of chasing out weak longs and stimulating commerc...
Coproduct Gets Dissed
Global oilseed demand has been robust, growing by nearly a third over the past decade. Yet global cottonseed production has been flat to declining. By contrast, U.S. cottonseed production has been erratic, with a forecasted drop in output in MY 2020/21 after rising sharply in the mid-2000&rsquo...
2021 Sour Domestic Sugar Outlook
The MY 2020/21 outlook for sugar is for more domestic production and a reduction in imports, but with lower deliveries and increasing year-end stocks. Beet sugar production is up 133,662 short tons – raw value (STRV) based on higher extraction rates in Minnesota and North Dakota. Cane pro...
Pulses
An IPO-Level Look at the Veggie Burger Sector
Beyond Meat, the maker of a vegetable protein meat alternative product, is preparing for an IPO. It will be offering 8.75 million shares at $19-21, which would raise $175 million at the mid-point price. The company’s cornerstone product is the Beyond Burger, which is now available at a nu...
Indian Subcontinent Regional Analysis
Higher Early Sugar Production and Slow Exports Could Pressure Prices Due to the early start of the 2018/19 sugarcane crushing season, Indian sugar mills were able to produce 21.93 MMT of sugar as of 15 February 2019 versus 20.36 MMT at the same point a year ago, an increase of 7.71 percent. Ano...
Indian Subcontinent Regional Analysis
Sugar Production Estimates Lowered Based on new satellite survey data from the Indian Sugar Mills Association’s (ISMA’s) satellite survey of sugarcane plantings, the sugar production estimate has been decreased from 31.5 MMT to 30.7 MMT. That is 4.3 MMT or 12.28 percent lower than t...
An IPO-Level Look at the Veggie Burger Sector
Beyond Meat, the maker of a vegetable protein meat alternative product, is preparing for an IPO. It will be offering 8.75 million shares at $19-21, which would raise $175 million at the mid-point price. The company’s cornerstone product is the Beyond Burger, which is now available at a nu...
Indian Subcontinent Regional Analysis
Higher Early Sugar Production and Slow Exports Could Pressure Prices Due to the early start of the 2018/19 sugarcane crushing season, Indian sugar mills were able to produce 21.93 MMT of sugar as of 15 February 2019 versus 20.36 MMT at the same point a year ago, an increase of 7.71 percent. Ano...
Indian Subcontinent Regional Analysis
Sugar Production Estimates Lowered Based on new satellite survey data from the Indian Sugar Mills Association’s (ISMA’s) satellite survey of sugarcane plantings, the sugar production estimate has been decreased from 31.5 MMT to 30.7 MMT. That is 4.3 MMT or 12.28 percent lower than t...
Indian Subcontinent Regional Analysis
Rabi Sowing Down As of 18 January 2019, the total rabi planted area was down 4.8 percent versus 2017/18. While wheat is among the crops affected, pulses and coarse cereals, most especially pearl millet, are down significantly (see table below). The overal oilseed area has been good, however, as...
Freight
FOB Prices and Freight Rate App (Updated 26 January)
Ocean Freight Comments - 21 January 2021 By Jay O'Neil Commodity Consulting Dry-bulk freight markets played their normal game this week; indices and rates were up for the first three business days and then ran into selling pressure and scaled back from the highs at weeks end. Overall, markets a...
Interactive Ocean Freight Rates (Updated 26 January)
Ocean Freight Comments - 21 January 2021 By Jay O'Neil Commodity Consulting Dry-bulk freight markets played their normal game this week; indices and rates were up for the first three business days and then ran into selling pressure and scaled back from the highs at weeks end. Overall, market...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Reports in Nigeria say that some imported maize has arrived but that the moisture content is too high for immediate use in poultry feed. A total of 262,000 MT of maize was allowed to be imported and has arrived. Syria’s Economy Minis...
FOB Prices and Freight Rate App (Updated 26 January)
Ocean Freight Comments - 21 January 2021 By Jay O'Neil Commodity Consulting Dry-bulk freight markets played their normal game this week; indices and rates were up for the first three business days and then ran into selling pressure and scaled back from the highs at weeks end. Overall, markets a...
Interactive Ocean Freight Rates (Updated 26 January)
Ocean Freight Comments - 21 January 2021 By Jay O'Neil Commodity Consulting Dry-bulk freight markets played their normal game this week; indices and rates were up for the first three business days and then ran into selling pressure and scaled back from the highs at weeks end. Overall, market...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Reports in Nigeria say that some imported maize has arrived but that the moisture content is too high for immediate use in poultry feed. A total of 262,000 MT of maize was allowed to be imported and has arrived. Syria’s Economy Minis...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt’s Consumer Price Index for “urban consumers” is said to have increased 3.8 percent in August with the year to date increase at 107.5 percent. In the past month meat and poultry prices have moved lower while cereals...