Highlights
Yesterday morning, military correspondents reported the Russian Armed Forces are carrying out massive strikes on targets in and around Ukraine’s ports in the Odessa region and on the Romanian border where air raid sirens were blaring 4½ hours during the night.
Reuters’ Karen Braun reported yesterday that soybean seed in Brazil is becoming hard to find due to all the acres that have been replanted, some replanted twice.
Eduardo Vanin, bean trader in Brazil, reported last evening:
"Heat wave. Temps during Thursday and Friday to 103 F. Soybean Premiums (basis) for Feb and March closed firmer even with futures rally. SB Basis in Sorriso rose 80¢ per bu in two weeks."
The Biden Administration officials have indicated ethanol for SAF will be granted the subsidy inclusion.