A drone attack on Russia’s Kremlin has caused world grain prices to rally sharply amid the fear that the war in Ukraine may be spreading in territory. The Russians are blaming the drone attack on Ukraine and saying that it was an assignation attempt against Russian President Putin No other details are available, but Russia…
Biden EPA to Allow Summer Sales of Higher-Ethanol E15 Gasoline ARC has learned that the Biden administration officials have decided to issue an emergency waiver that will allow widespread sales of higher-ethanol E15 gasoline this summer, following a strategy used last year to help tamp down high pump prices. The announcement is expected to come…
USDA Stocks and Prospective Plantings Overview
CBOT Soyoil Spot Weekly Chart: In a rout of the soybean market, spot CBOT soyoil futures have fallen back to long term support against $.50-.51/pound on massive speculative liquidation in soybeans. ARC’s downside price target of $14.25 basis May soybean futures was exceeded by $.10/Bu with a low of $14.15. The selling is based on…
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