News Updates MAIZE HOARDING IN KENYA Both maize and maize flour have disappeared from Kenya's market as local buyers have virtually cleaned out all stores in the country. Traders are anticipating higher prices for maize in the coming weeks and are thus keeping their supplies in warehouses. According to local sources, the maize flour that is available is being sold at double the normal market price.The largest miller in Kenya unofficially said that it had to raise its prices because of the increase in maize prices, which are up nearly 55 percent over prices from two weeks ago. It also said that the escalating maize prices and supply shortage are superficial; they are the result of farmers and traders holding onto their stocks in anticipati...
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...
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