Regional News India is reportedly considering importing as much as 9 MMT of wheat from Russia to fill its domestic needs, but WPI sources continue to suggest the actual figure is likely to be 4-5 MMT. The Ukrainian Grain Association increased its forecast of the country’s grain and oilseed production for 2023 to 76.8 MMT, up 7.8 MMT from its prior estimate. The details of individual crop forecasts are provided below:
Milling Wheat The dynamics of attacks on infrastructure between Russia and Ukraine continue to drive wheat market’s volatility, though the broad price direction is now lower. A combination of persistent pressure on world wheat values from Russia’s inexpensive supplies and last wee...
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...
