Chicago Board of Trade wheat futures fell on Wednesday, touching a six-month low with traders saying that newly harvested supplies were able to meet the current global demand.
Heavy Russian strikes hit the southern Ukrainian port city of Mykolaiv overnight and early on Sunday, killing the owner of one of the country’s largest grain producing and exporting companies, the local governor said.
Global grain trader Archer-Daniels-Midland Co (ADM) reported a 74% rise in second-quarter profit on Tuesday, benefiting from high demand for grains and tighter supplies following Russia’s invasion of Ukraine.
Three of the largest U.S. poultry processors have agreed to settle claims by the Justice Department over their alleged longstanding effort to share information about workers in order to drive down compensation.
U.S. Forest Service reforestation funding rose to over $100 million this year as part of moves to plant more than a billion trees in a decade under the infrastructure package passed in 2021, USDA said in a statement.
Ukraine pressed ahead Sunday with efforts to restart grain exports under a deal to ease global food shortages but warned deliveries would suffer if the recent Russian missile strike on Odesa was a sign of more to come.
Truckers protesting California’s new “gig worker” law blockaded the state’s third-busiest seaport for a second day on Thursday, stalling agricultural exports and threatening to worsen U.S. supply chain backups.
U.S. climate legislation collapsed last week, and analysts say it could hamper the development of clean-burning transportation fuels. Biofuels groups were banking on the legislation to boost investment in fuels like SAF.
Norwegian fertilizer-maker Yara posted slightly higher than expected second-quarter profits on Tuesday and warned there could be shortages of nitrogen-based fertilizers amid high gas prices.
