Regional News  Europe continues to struggle with drought with conditions especially concerning for the UK. Most of western and northern Europe has experienced below normal precipitation over the past month and the current two-week outlook favors rain for southern and southeast Europe only. Central and northern France, along with most of Germany, and Poland will see scant showers in the coming two weeks, which will put additional stress on the European wheat crop. 

Ukraine’s UMG Investments is planning to build a grain export terminal near Odessa at the Black Sea port of Pivdenyi. The firm expects the project to cost $150 million and take 2-3 years to build, but the facility will subsequently have an annual capacity of 9...