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WASHINGTON, D.C. – Russia on Monday declined to extend the year-old agreement that has allowed Ukrainian grain to move out of Black Sea shipping ports, a move that immediately drove up commodity prices in response. Russia stated the shipping agreement was suspended. The announcement came following an attack on a key bridge in Russian-occupied Crimea, […]
KYIV, UKRAINE – On Monday, ships brought grain from Ukrainian signaling Moscow had stopped short of reimposing a blockade that might have caused world hunger even while suspending its participation in a U.N. programme to safely export grain from the war zone. The resumption of food exports from Ukrainian ports suggested that at least […]
WASHINGTON, D.C. – Republican members of Congress have introduced legislation to prevent countries like China and Russia from investing in U.S. agriculture. Amid global food shortages, New York Representative Elise Stefanik and Rick Crawford of Arkansas are spearheading the “Promoting Agriculture Safeguards and Security” (PASS) Act. that would prevent adversarial countries from acquiring American companies […]
CHICAGO, ILL – McDonald’s said Tuesday it is temporarily closing all of its 850 restaurants in Russia in response to the country’s invasion of Ukraine. The fastfood giant said it will continue paying its 62,000 employees in Russia. But in an open letter to employees, McDonald’s President and CEO Chris Kempckinski said closing those stores […]
STILLWATER, OK – The war in Ukraine has injected much uncertainty into global markets. Markets do not like uncertainty and much of the market reaction thus far is about uncertainty rather than reality. The majority of impacts thus far on cattle markets are indirect rather than direct beef market impacts. Cattle markets are being impacted […]
WASHINGTON, D.C. – Wheat prices continue to climb as the Russian invasion of Ukraine is ongoing. A Rabobank analyst says the world’s biggest wheat buyers may need to reconsider whether they’ll continue buying grain from the Black Sea regions. “Russia and Ukraine have moved a lot of wheat into the market already, so things should […]
REUTERS – Russia’s biggest pork producer, privately-held Miratorg, reported on Tuesday an outbreak of African Swine Fever (ASF) at a site in the Belgorod province in central Russia. According to Reuters, spread partly by wild boars, ASF is harmless to human beings but is highly contagious among pigs. The company said it has taken all […]
