#Ukraine's ag minister also thinks the area under winter #wheat for next year's harvest (sowing normally starts in 3-ish months) could fall significantly, making the 2023/24 cycle the third where Ukraine's grain supplies are limited to the world.https://reuters.com/world/europe/russias-war-may-deprive-world-three-ukrainian-wheat-harvests-minister-2022-06-14/#:~:text=KYIV%2C%20June%2014%20(Reuters),Ukraine's%20agriculture%20minister%20told%20Reuters
reuters.comRussia's war may deprive world of three Ukrainian wheat harvests - ministerRussia's invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine's agriculture...
Biden says he is working closely w/ European countries to get trapped grain out of #Ukraine to help ease global food prices. The plan is to build temporary silos on the borders and rail grain to EU ports, but Ukraine says it needs its sea ports opened.
reuters.comBiden touts temporary grain silos on Ukraine border to help exportsU.S. President Joe Biden said on Tuesday that temporary silos would be built along the border with Ukraine, including in Poland, in bid to help
NOPA has slightly adjusted its March crush upward to 182.465 mln bu (was 181.759M). That's a +0.4% increase, not huge. The original March number was already record high for the month, so now the record margin is a bit higher. No change to the May numbers in the post.
NOPA U.S. crush, May 2022:171.077 mln bu of #soybeans Record for May; +4.6% from May 2021Trade guess was 171.552 mbuSoyoil stocks 1.774B lbs, lowest since SeptTrade guess 1.765BRecord high oil yield of 12 lbs/bu