On Friday we covered the chances of sanctions on imported Russian oil (and referred to it yesterday). Here are five key points from Friday’s report to put into context of today’s announcement:
Biden did not say no (to a ban on imported Russian oil) Only (White House Press Secretary) Psaki has (ruled out a ban) (The ban) would seem to be a live issue within the Administration … it is important to note that Congress has a role (in imposing a ban) (Imposing sanctions is) in need of a plan that includes an offset for Russian oil
Today, the President issued an executive order that would ban the import of Russian oil, liquefied natural gas, and coal to the United States. It also prohibits new U.S. investment in...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
