There was nothing in Friday’s USDA numbers that justified such a strong finish on Friday.
Jet fuel supplies on the US East Coast areas are lower now than any time since 1995.
Argentine farmers are having great difficulty securing diesel fuel for the harvest that is just beginning.
Russia’s Putin has ordered a draft of 135,000 men for military duty.
Looks like he is in this war for the long haul.
The top four ranked fertilizer exporters are: Russia, China, USA and Canada
USDA says so far for April, no reports of new bird flu infected flocks of table egg-laying hens or layer pullets.
Jared Nelson is an American living in Shanghai on day 22 of the COVID lockdown. He reported yesterday:
As we feared yesterday, we have new restrictions. Before today we were allowed to leave our building (but not community) to get deliveries - no more; now we are not allowed out of our apartment door.
Jennifer Zeng also in Shanghai reported this morning: Gunshots can be heard in the Jiuting area of Shanghai after people protested and demanded food delivery.
Shipping News reports containers full of frozen food and chemicals are piling up at China’s biggest port, Shanghai, as the COVID lockdown and compulsory virus testing keeps truckers from the docks.
While the port itself is operating normally, there are a “critically high” number of refrigerated containers and items classified as dangerous goods piled up at two storage yards. Ships carrying those types of cargo are not likely to unload.
More than 21,000 COVID cases were reported in Shanghai just on Thursday. With the 100% 14-day mandatory quarantine of the hundreds of thousands people who had contact with any of those 21,000 people is what is causing the supply chain problem.
A lack of truck availability is stopping more essential businesses in the city. The Semiconductor Manufacturing International Corp (maybe the world’s largest computer chip manufacturer) is struggling to secure trucks to ship out their chips, which is hurting manufacturers and consumers around the world.
Tightened restrictions on truckers in other parts of China are also delaying the delivery and return of containers to ports. Many hundreds of containers of frozen food and hazardous items like lithium batteries and chemicals will have to be directed away from Shanghai to other ports with similar, but less severe problems. Meanwhile, the citizens of Shanghai are desperate for food.
China's agricultural imports in 2021 were nearly double their ag imports just five years ago.
China annual ag imports chart:
Brazil’s summer dry season normally begins late May to early June, but rains diminish quickly in May (see chart below). Those corn fields need to build moisture in April (now!) to get the second crop corn in as good shape as possible before May. Rainfall the past ten days has been less than normal.
Average monthly Brazil rain fall chart: