February 25, 2022: -U.S. wheat and corn futures rose by their daily trading limits on Thursday. At the same time, soybeans scaled the highest since 2012, as Russian forces fired missiles at Ukraine and landed troops on its south coast, exacerbating worries more than global supplies.
Wheat increased for a third day, scaling its highest in more than nine years, while corn climbed to a fresh eight-month peak.
On Thursday, shortly after Russian President Vladimir Putin spoke in a televised address on state TV, explosions could be heard in the pre-dawn quiet of the Ukrainian capital of Kyiv.
Putin is authorizing a military operation in eastern Ukraine in what appeared to be the start of the war in Europe over Russia’s demands to end NATO’s eastward expansion.
“Heightened tensions nearly Russia-Ukraine and a fair amount of uncertainty regarding Russian supplies over the coming months have prompted traders to keep their grain at home instead of shipping it overseas,” ING commodity strategists said in a note.
With Russia and Ukraine accounting for nearly 29% of global wheat exports, 19% of world corn supplies, and 80% of world sunflower oil exports, traders were worried that any military engagement could impact crop movement and trigger a huge scramble by importers to replace supplies from the Black Sea region.
“Russia-Ukraine problems exacerbated supply risks for the global market,” the ING strategists said, citing still-soft wheat exports from the European Union.
An active Chicago Board of Trade May wheat contract soared nearly 5.7% to $9.34-3/4 a bushel, the highest since July 2012.
Corn reached up to 4.7% at $7.13 a bushel, as of 0448 GMT, having reached a limit-up at $7.16-1/4, its loftiest since June 10.
May soybeans are gaining 1.6% to $16.97 a bushel, advancing for a sixth session. Earlier, it reaches its highest since September 2012 at $17.19-1/2.
In China, soymeal futures rallied to a record high even as the government plans to release soybeans from reserves between worries over tight supplies in the market.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
September 26, 2023: On Monday, Japanese automaker Nissan revealed its dedication to transitioning to completely electric …
In an industry as competitive and fast-paced as Consumer Packaged Goods (CPG), standing out from the crowd requires innovation and adaptability. The cracks in the CPG supply chain were exposed long before the global pandemic struck, but the events of the past year only exacerbated the weaknesses.
Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.
Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends.
Ensuring the right products are in the right place and at the right time is critical for companies also dealing with supply chain constraints and a high degree of variability. Uncertainty has become the name of the game and the only way to effectively optimize inventory through continuous, data-driven assessments, planning, and decision-making.
Food Huggers, a consumer brand that designs products to reduce waste at home, may be in an enviable position now but before they found Extensiv Order Manager, managing booming orders and staying on top of inventory was a huge operational challenge. The business has inventory spread across multiple geographically distributed warehouses, with orders received via multiple sales channels, including Shopify storefronts and Amazon.