Soybean meal prices forecast to stay high
Soymeal futures have increased over the past month due to lower projections for global soybean supplies in 2023/24.
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Soymeal futures have increased over the past month due to lower projections for global soybean supplies in 2023/24.
Wheat prices leaped, leading a strong session for grain futures, as a massive attack by Russia on Ukrainian ports shattered hopes for the country’s grain exports, reports the CRM Agri team.
The Black Sea agri-commodities export corridor, which allowed Ukrainian grain and oilseeds to be shipped safely, is now set to expire, after Russia announced it is pausing its participation in the initiative.
The EU Commission has released a proposal today to lift restrictions for plants resulting from new gene-editing technology.
The dual impacts of high commodity prices and rising interest rates are squeezing the operating margins of cooperative grain elevators in the US.