Archive for May 25th, 2021

KANSAS CITY, MISSOURI, US — Grain and oilseed inspections for export from all major US export regions in the week ended May 13 totaled 2.9 million tonnes, up 13% from the previous week, up 37% from the same week in 2020, and 19% higher in comparison with the three-year average for the week, the US Department of Agriculture said in its weekly Grain Transportation Report.

By commodity, soybeans led the charge in the latest reported week, with a 27% increase over ...

KANSAS CITY, MISSOURI, US — With major grain, oilseed and edible oils prices at or near eight-year highs, crude oil prices six times the year-ago level, freight rates soaring and prices for materials (cardboard and aluminum, for example) and other input costs rising, can food price inflation be far behind? Not according to the US Department of Agriculture or many food manufacturing companies. If the expected post-pandemic demand surge develops, as many expect, price increases may be greater later this ...