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China’s exports to Russia reached a record high in April, amounting to $9.6 billion.
Could Stagflation, Rather Than Recession, Happen Next?
Dow Inc. and New Energy Blue have announced a long-term supply agreement to produce bio-based ethylene from renewable ag residues, specifically corn stover.
The U.S. Drought Monitor says 26% of corn acres, 20% of soybean acres and 47% of winter wheat acres are in drought. The wheat crop has little chance of revival, but corn and soybeans have a long runway ahead of them.
Despite the positive sentiment, local community bankers report concerns about lower commodity prices, the ‘big bank mess’ and another potential rate hike in June by the Fed.
According to a person familiar with the matter, there is no certainty Viterra will be able to reach an agreement on the terms of a deal.