Russian Grain Markets: 8 – 12 May 2023 Russia’s grain markets remained bearish with the volume of trade miniscule because of traditional May holidays in Russia. A parade in Moscow was held irrespective of the weather or geopolitical situation giving the Russian people another day off except for the military which continues their aggression on the Ukrainian front. Russia tried negotiating a better grain corridor deal. The grain corridor will most likely be extended for another 60 days even though Russia is threatening to terminate it at any point if their demands are not met. Such behavior on the Russian side from time to time makes the global grain market nervous especially the milling wheat market. This is not...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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Illuminating the value of technical research
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