Russia’s rising agricultural commodity prices have prompted various export restraints and now there is an announced plan for increased production, of durum. Reportedly, no less than President Vladimir Putin is upset about the increase in pasta prices and his officials announced the new goal of doubling the nation’s pasta production by 2025. Doubling anything seems large unless it is from a small base. Russian durum production is just 2 percent of global production and less than 1 percent of the country’s total wheat output. It is amongst one of the smallest producers of durum at the same time it is the fourth largest overall producer of wheat and the world’s largest exporter. Importantly, climactically it is well su...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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Illuminating the value of technical research
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