There is more trouble in the Red Sea as ongoing fighting continues to prove troublesome for ag shipping.
Houthi rebels continued their attacks over the weekend, even striking a U.S. navy vessel. Last week, the group began targeting Israeli-linked ships in the Red Sea due to the current conflict in Gaza. They have controlled much of the Arabian peninsula since the conflict began, forcing ships to bypass the Suez Canal and take a longer route.
President Donald Trump ordered the U.S. military to strike at the Houthi’s.
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Canadian farmer sentiment improved in July, driven by stronger commodity prices and increased optimism about farm investments and the economy.
The initiative can also introduce U.S. wheat to new potential customers, creating relationships that may continue even after food aid programs end.
The Black Sea is a major export route for wheat, corn, and other agricultural commodities. Recent attacks, however, are disrupting exports from Russia and Ukraine.
Texas cattle groups continue to monitor USDA’s response as testing and surveillance efforts remain underway.
The latest USDA WASDE report could move grain markets with updated estimates for corn, soybean, and wheat production, ending stocks, and demand.
NWS Sterile Fly-Production At Moore Air Base Is Ahead of Schedule
