Russian Deputy Minister of Agriculture Sergey Levin noted in a speech today that the ministry may reconsider the size of the wheat export duty or cancel it completely if the ruble stabilizes. Russian Grain Markets Grain Market Intervention Almost all offered lots were purchased (49,275 MT of 50,085 MT) during the 28 October grain market intervention trading session. This included: 24,300 MT of 3rd grade wheat; 16,605 MT of 4th grade wheat; 5,805 MT of 5th grade wheat; and 2,565 MT of 1st grade (feed) barley. Average purchase prices are noted below:
3rd grade wheat - $170.89/MT 4th grade wheat - $159.38/MT 5th grade wheat - $139.13/MT 1st grade barley - $118.54/MT
As of 28 October, 202,500 MT of grain have been purchased in total...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
