Russian grain still flows to top customers despite war inflating costs
Seven weeks after its invasion of Ukraine, Russia is still exporting grain to some of its biggest customers, even as shipping costs soar.
Worldsteel Short Range Outlook released
The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2022 and 2023. worldsteel forecasts that steel demand will grow by 0.4%…
Synopsys probed on allegations It gave tech to Huawei, SMIC
Synopsys Inc., the biggest supplier of software used to design semiconductors, is under investigation by the U.S. Department of Commerce for possibly passing key technology…
Texas governor to halt some truck inspections on boarder snarl
Texas will halt some vehicle inspections at the U.S.-Mexico border after Governor Greg Abbott’s crackdown provoked protests that halted crucial food and equipment shipments.
Half of harvests in crop giant Ukraine could be wiped out by war
Harvests of some of Ukraine’s most important crops could be cut in half this year, threatening its position as a major exporter and exacerbating already…
Lumber slides as surging inflation hammers DIY renovation market
Lumber prices are slipping to levels seen four months ago as soaring inflation curbs the appeal of do-it-yourself renovators to take on costly new home-improvement…
LNG Projects May Get Funding Boost From U.S. Export Bank Plan
A new plan by the U.S. Export-Import Bank could yield a flood of financing for U.S. energy ventures, including wind and solar projects, battery manufacturing…
Yellen plans global food-crisis as IMF, UN urge action
U.S. Treasury Secretary Janet Yellen will convene a meeting of top international financial officials next week to address a global food-security crisis, with the heads…
US DOT February 2022 Freight Transportation Services Index (TSI)
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.2% in February from…
Top wheat buyers latest tender shows huge cost of buying grain
Top wheat buyer Egypt’s latest purchase laid bare the eye-watering costs importers face as the Ukraine war upends the global grains trade.
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