Global Economy
Jon Scheve discusses how issues in Ukraine and Brazil may mean upside potential for corn.
Speaker McCarthy agreed that the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall.
If the nation’s debt hits $31.4 trillion—it’s on track to do so by this Thurs.—the Treasury will need to take “extraordinary measures” to help pay the government’s operations and ward off a historic default.
Jon Scheve provides rationale for why soybean prices may go up or down in 2023
Jon Scheve discusses why corn prices may go up or down in 2023.
“There is a problem with people thinking the pullback of Covid-zero measures is equivalent to the economy reopening, which it is not.” says Leland Miller, CEO of research firm China Beige Book.
Foreign investors own 37.6 million acres of U.S. agricultural land, which is 2.9% of all privately held agricultural land and 1.7% of all U.S. land.
While U.S. agriculture isn’t facing an existential threat, the same cannot be said for farmers abroad, particularly in the developing world.
China moved to close parks, malls and museums on Tues. as COVID-19 cases hit near-record levels. Lockdowns follow reports that, days before COP27, Xi sent policy and business advisers to New York to meet U.S. executives.
Europe is racing to investigate potential acts of sabotage after both the natural gas pipelines linking it to Russia suffered inexplicable, sudden leaks. This comes as Europe transitions away from Russian fossil fuels.