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Tidbits & Rain Days, Russia-Ukraine, Lower SA Production, Broilers and Ethanol 02/17/2022

The markets, postal service and banks are closed Monday.

USDA reported yesterday the export sales of:

132,000 mts of new crop soybean to China

 

After Russia reported it was moving troops away from the Ukrainian border, the US State Department reported yesterday afternoon more Russian forces were moving to the Ukrainian border into “combat” positions. The US sent 500 soldiers from the 101st Airborne Division at Fort Campbell to Poland yesterday. That puts 4,200 hundred additional troops moved to Poland in the last two weeks.

 

A fire at the Louis Dreyfus Company (LDC), Claypool, Indiana soybean processing and biodiesel plant supported meal and soyoil while a sharp rise in Brazilian basis supported beans yesterday. The Claypool plant's daily capacity is 175,000 bushels of beans. It has been running at 95% of capacity. LDC says Claypool is the largest soybean integrated processing plant in the USA.

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