Chicago wheat futures rose sharply on Monday after hitting 13-1/2 year highs on Friday, lifted by concern that Russia’s invasion of Ukraine and Western sanctions will continue to disrupt Black Sea region grain exports.
Pesticide and seed producer Bayer said on Monday a supplier of an ingredient for its widely used herbicide glyphosate has run into technical problems which may hamper Bayer’s output of the product in the short term.
A federal judge on Friday blocked for now the Biden administration from restoring Obama-era values for calculating the cost of climate change in the government’s permitting, investment and regulatory decisions.
U.S. goods exports to China fell in December, cementing a $45 billion increase in the 2021 U.S.-China trade deficit and a major two-year shortfall in Beijing’s purchase commitments under the “Phase 1" trade deal.
Chicago soybean futures jumped more than 1% on Monday to their highest since June on concerns over supplies from South America and strong demand from China.
Agribusiness consultancies AgRural and AgResource on Monday trimmed their forecasts for Brazil’s 2021/22 soybean crop due to bad weather, estimating the expected output below the 130 million-tonne threshold.
The U.S. Commerce Department is expected to soon release details from a study of semiconductor chips it conducted last year amid a push to win funding to boost U.S. manufacturing from Congress.
The United States and the European Union have downgraded their dispute at the WTO over steel and aluminum tariffs applied by former U.S. President Donald Trump in 2018 and subsequent EU retaliation.
The U.S. Army Corps of Engineers will use $732 million in federal infrastructure funding to modernize a lock and dam on the Upper Mississippi River crucial for shipping grain and soybeans to export markets.
