Weather is quickly starting to raise concerns about the northern Plains spring wheat production potential, and the simple explanation is that it has become very dry across most of that region. In addition, another possible development could have an impact.
Weather is quickly starting to raise concerns about the northern Plains spring wheat production potential, and the simple explanation is that it has become very dry across most of that region (see most recent drought monitor below). It was only a few weeks ago that WPI commented on how there were no parts of the primary U.S. crop production regions that were in a drought status. That has changed, and this week’s drought monitor (released every Thursday) should show more expansion and...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
