WASHINGTON, DC, US — Tight supplies of grain and oilseeds have propelled prices in recent months to multi-year highs for ingredients like flour and soybean oil. Data issued in mid-January by the US Department of Agriculture provided some relief, but a prominent commodity analyst cautioned it would be premature to declare an end to the commodity bull market.
The USDA’s National Agricultural Statistics Service on Jan. 12 estimated area planted to winter wheat for harvest in 2022 at 34.397 million acres, ...
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