PRO FARMER
America’s farmers have an opportunity to be “a real hero in our ability to address climate change” through improvements in productivity and climate-smart practices. . .
November futures soared $1.52 3/4 for the week, or 11.7%, the largest weekly percentage gain since August 1999.
Seth Meyer, chief economist at USDA, told Reuters developing countries in North Africa and elsewhere could be the first to see some relief in prices at grocery stores. . .
Finding enough seafarers willing to sail ships stuck inside Ukraine’s ports is set to pose a major challenge to the resumption of Ukrainian grain exports.
The paper agreement to restart Ukrainian grain exports via the Black Sea is running up against the reality of how difficult and risky the pact will be to carry out.
Increased demand from Europe amid the war in Ukraine drove a rise in exports to an average of 11.2 billion cubic feet per day, a 12% jump compared to the second half of 2021.
IMF now expects the world economy to grow 3.2% in 2022 before slowing to a 2.9% GDP rate in 2023 — marking a downgrade of 0.4 and 0.7 percentage points, respectively, from its April forecasts.
Brazilian and Chinese officials are re-discussing a protocol aimed at allowing Brazilian corn to be shipped to China sooner than initially intended, according to Brazil’s ag minister.
Containers are piling up around the country and trains are waiting for longer stretches at depots, the Wall Street Journal reports. . .
Reuters reports the Biden administration is “investigating Chinese telecoms equipment maker Huawei over concerns U.S. cell towers. . .