CCRV - Supply-Chain Disruptions Finally Reached The Energy Markets

• Higher energy prices also supported the argument that inflation is more permanent than transitory and helped to draw global macro investors into the agricultural markets.
• Weather watchers are paying close attention to the harvests in Argentina and Australia and to winter wheat planting in the US, EU, and FSU.
• The US is seeing increased competition in the export market, particularly from Argentina where the September-October exports were a near record and daily sales registrations are averaging almost 0.3 MMT.

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