On Monday, falling demand and inexpensive Russian wheat drove down wheat prices on the Chicago Board of Trade. This change also affects U.S. exports negatively. On the flip side, Canada’s low production forecast boosts prices. The European Union also cuts its export plans, citing competition with Russia. Besides these global elements, Brazil’s 2023/24 wheat season […]
Related Posts
Evergrande’s Liquidation: A Turning Point
In a landmark decision on January 29, 2024, the Hong Kong court ordered the liquidation of China Evergrande Group, the world’s most indebted property developer. This ruling, marking a pivotal moment in the financial sector, is expected to impact China’s already strained financial markets significantly. Evergrande, with liabilities exceeding $300 billion, defaulted on its offshore […]
Brazil’s PCC Crime Syndicate Adopts Marine Smuggling at Santos Port
In Santos Port, the largest in the Southern Hemisphere, a military team of 50 inspects a cargo ship. They scour 12 floors for six hours, using dogs and divers to find hidden drugs. The PCC, a dominant criminal organization, now conceals cocaine in ships’ submerged parts to bypass authorities, using ports to ship drugs to […]