December SRW wheat dropped 36 1/4 cents to $6.91 3/4 and nearer the session low. December HRW wheat closed down 39 3/4 cents at $8.29 1/2. Prices closed nearer their session lows and hit two-week lows today.
China has maintained its position as the world’s largest meat importer since 2019, despite a recent decrease in imported meat volumes, according to a USDA Economic Research Service report.
Peter Zeihan, an American author on geopolitics, writes Ukrainian agriculture is facing a severe threat after Russia exited the Black Sea grain deal and has attacked Ukrainian grain infrastructure.
Politico reports that House Ag Committee member Greg Casar is introducing two new bills, targeting large agricultural corporations that have significant influence on the farm bill reauthorization.
The Panama Canal Authority announced a reduction in the average daily number of ships allowed to navigate the canal, lowering the figure from 35-36 to 32 starting July 30.
