Saturday, 31 May 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > World > Futures File: Ship full of corn leaves Ukraine
World

Futures File: Ship full of corn leaves Ukraine

Enspirers | Editorial Board
Share
Futures File: Ship full of corn leaves Ukraine
SHARE

Aug. 6—After weeks of negotiation, the first shipment of corn finally left the Odessa port, passed inspection and headed for Lebanon. The Russia/Ukraine/Turkey/United Nations deal that enabled the export is expected to allow a safe corridor for shipments of wheat, corn and other agricultural products.

Those goods are destined for countries that have become desperate for food since the war shut down Ukrainian exports.

United States grain futures initially fell on the news but gained traction and rose sharply toward the end of the week. The rally was related to Chinese buying of U.S. soybeans and fears that ongoing dry weather will threaten yields. The grain shipment out of Ukraine impressed analysts, but many believe logistics and politics could still delay the need to move so much so quickly.

On Friday afternoon, corn for December delivery traded for $6.10 per bushel. September wheat sold at $7.76. September beans went for $14.62, down about 40 cents on the week.

No Panda for Pelosi

Further complicating the political climate was the highly publicized trip of Speaker of the House Nancy Pelosi. Her trip, while receiving accolades from both U.S. political parties and democratic nations throughout the world, incited anger and military threats from China.

By Friday morning, the Chinese had sanctioned Pelosi from visiting their country, and dropped missiles around Taiwan in retaliation. Since they are our biggest customer and trade partner for myriad commodities, agricultural and financial communities alike will keep a close eye on these developments.

Gasoline and Diesel Slide Accelerates

The decline in crude oil and its refined product continued at a fast pace throughout the week. Even the saber rattling, which typically causes a rush to buy petroleum, couldn’t stop the liquidation of West Texas crude and unleaded gasoline.

September gasoline futures traded for $2.86 per gallon, while September crude oil brought $89 per barrel.

Reduction Act Includes Funds for Farmers

After a final struggle with Senator Kyrsten Sinema (D-Arizona), Democrats moved forward with a $300 billion bill early Friday that’s intended to reduce inflation, aid human health and fund climate-smart agriculture.

Roughly $21 billion of that is slated to reduce carbon emissions through carbon sequestration and other conservation efforts.

Answers to Last Week’s Commodity Quiz

The seven nations bordering Ukraine, listed with their respective leaders, are Russia, Vladimir Putin; Belarus, Aleksandr Lukashenko; Poland, Andrzej Duda; Slovakia, Zuzana Caputova; Hungary, Katalin Novak; Romania, Klaus Iohannis; Moldova, Maia Sandu.

Opinions are solely the writer’s. Walt Breitinger is a commodity futures broker in Valparaiso, Ind. He can be reached at (800) 411-3888 or www.indianafutures.com. This is not a solicitation of any order to buy or sell any market.

Share This Article
Twitter Email Copy Link Print
Previous Article ‘Abbott Elementary’ Tops 2022 TCA Awards ‘Abbott Elementary’ Tops 2022 TCA Awards
Next Article Anne Heche in ‘Stable’ Condition After L.A. Car Crash as Family and Friends Ask for ‘Prayers’ Anne Heche in ‘Stable’ Condition After L.A. Car Crash as Family and Friends Ask for ‘Prayers’

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Israel rejects Palestinian accusations of ‘apartheid’

UNITED NATIONS (AP) — The Palestinian U.N. ambassador, wearing a mask saying “End Apartheid,” accused…

By Enspirers | Editorial Board

Fire, explosion hit Abu Dhabi in reported gas cylinder blast

DUBAI, United Arab Emirates (AP) — A fire struck downtown Abu Dhabi early Wednesday, with…

By Enspirers | Editorial Board

RFK Jr. Says Donald Trump Will Announce Democrats Becoming a member of Marketing campaign Quickly

Play video content material Fox Information Donald Trump's acquired allies within the Democratic occasion who…

By Enspirers | Editorial Board

Cops Investigating Lodge Employee for Presumably Supplying Medication to Liam Payne

Cops in Argentina are digging deep to get solutions in Liam Payne's demise, and TMZ…

By Enspirers | Editorial Board

You Might Also Like

Israeli airstrikes goal websites in western Syria, reportedly killing one
World

Israeli airstrikes goal websites in western Syria, reportedly killing one

By Enspirers | Editorial Board
Trump will get tariff reprieve as he prepares Oval Workplace goodbye to Musk – US politics dwell
World

Trump will get tariff reprieve as he prepares Oval Workplace goodbye to Musk – US politics dwell

By Enspirers | Editorial Board
Rachel Reeves set to verify more money to spend on areas outdoors south-east – UK politics dwell
World

Rachel Reeves set to verify more money to spend on areas outdoors south-east – UK politics dwell

By Enspirers | Editorial Board
Australia information dwell: Sarah Hanson-Younger says North West Shelf resolution ‘beggars belief’; states rated on vape motion
World

Australia information dwell: Sarah Hanson-Younger says North West Shelf resolution ‘beggars belief’; states rated on vape motion

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?