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A Ukrainian ag ministry official said on Monday the country’s grain harvest was likely to drop to around 48.5 MMT this year from 86 MMT last year following Russia’s invasion.

Heat advisories are in effect for the central U.S. today and tomorrow

The American Soybean Assoc. provided comments to USDA’s request for information on competition in the seed market, “underscoring the need to ensure growers have access to affordable inputs and a healthy market.”

Federal Reserve Bank of Cleveland President Loretta Mester said the risk of a recession in the U.S. economy is increasing, and that it will take several years to return to the central bank’s 2% inflation goal.

Private analytics firm IHS Markit Agribusiness on Wednesday raised its estimate of U.S. corn plantings . . .

As the West endures another year of unrelenting drought, the Colorado River’s reservoirs have declined so low that major water cuts will be necessary next year . . .

Slowing delivery of Russian natural gas in Europe is starting to reach into industrial supply chains.

Russia, the world’s largest wheat exporter, will change its formula for calculating grain and sunflower oil export taxes to support shipments amid a strong ruble currency, Reuters reported.

EPA will release its proposed rule on the 2023 volume standards for biofuel under the Renewable Fuel Standard (RFS) in September. . .

China’s soymeal inventories have tripled over the past three months as large volumes of soybeans arrived in the country and feed demand is weak.