Russian Grain Union leader Arkady Zlochevsky says Russia could export a record 60 MMT of grain this season. At the same time, he says the Black Sea grain corridor deal has not yielded anything positive for Russia. So Russia is exporting record amounts and doesn’t appear to need any special treatment. China will likely backward engineer and supply whatever Russia’s needs to keep its farm machinery running. Verbio, the largest maker of biofuel in Germany says, “We have to eat less meat” and instead make more crop-based biofuels. The meat industry says we need more food and to stop burning precious grain as a competitor to petroleum.  The European Parliament approved a plan that is to ensure imports of palm oil,...

TAGS – North America, Macroeconomics