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A group of 45 senators and 154 House members have filed an amicus brief with the U.S. Supreme Court calling for it to reverse a lower court ruling on Waters of the US (WOTUS) under the Clean Water Act (CWA).
Dry central Brazil conditions raise concern
Goldman Sachs Group Inc and JPMorgan Chase & Co commodity trading risk has increased, according to the companies’ first-quarter earnings disclosures.
Despite concerns that sanctions would limit Russian fertilizer shipments to Brazil, shipping data shows fertilizer is still being shipped, Reuters reported.
Corn planting remains behind average
CF Industries is warning customers that fertilizer shipments might be delayed or may not reach farmers after Union Pacific (UP) railroad mandated certain shippers to reduce the volume of private cars on its railroad.
USDA’s attaché in Brazil is expecting farmers to plant 42.5 million hectares (ha) in 2022-23. . .
In March, a total of 24,715 tractors were sold in the U.S., compared to 31,276 sold during the month last year, a 21% decrease, according to the Association of Equipment Manufacturer’s monthly “Flash Report.”
March’s PPI showed food costs climbed 2.4% from a month earlier, the largest increase since May. The jump was driven by higher grain, vegetable, cooking oil and pork prices.
Higher producer prices signal higher future food costs