Russian Grain Markets: 23-28 May 2012 GRAINS AND PRODUCTS Planting Updates as of 23 May 2012
Grain Auction Results from 23-24 May 2012 Russia held another auction of grains from the intervention fund on 23 May; 70 companies took part in the event. A total 249,500 MT of grain from the 2008 and 2009 harvests were offered to the participants. The total volume of purchased grain was 99,623 MT, including 72,963 MT of 2008 harvest grain (about $12.9 million) and 26,660 MT of 2009 harvest grain (about $4.9 million). The total volume of grain sold from the intervention fund since the beginning of state commodity interventions as of 23 May was 1,826,000 MT.At the following grain auction on 24 May, 43 companies took part in trade. A total 108...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
