The war in the Ukraine has now entered year three, after initial predictions in February 2022 that it would last two weeks. As a general rule of thumb, the war has caused more anxiety over ag trade than actual disruptions. A good proxy for looking at what has happened is the trade in sunflower seed and oil, as the region is a major supplier. As WPI’s Black Sea Analysis this week noted, exports from Russia and the Ukraine remain strong. Further, as Gary Blumenthal wrote about the grain stocks and planting intentions reports, sunflower stocks were up and planting intentions are down dramatically.
Sunflower acres in North Dakota are down to the third lowest since records began in 1974. For the remaining produc...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
