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Joe Barker of CHS Hedging said “Russia attacked a factory in Ukraine that manufactured packaging for baby food, juices and household products in northern Ukraine overnight. There are reports that 2 Ukrainian women were killed, and 11 others were injured in that attack.” Reuters says Egypt’s decision to hold the massive 3.8-million-ton wheat tender a couple weeks ago was ordered by Egyptian President Sisi after an intelligence briefing raised fears about a supply crisis. “Global supplies continue to come down and the EU Commission now forecasts common wheat usable production for 2024/25 at 116.1 million tons versus 120.8 forecast last month. Common wheat exports are now forecast at 26.0 compared to 32.0 last month,” Hightower Report said. The Rosario Grain Exchange says La Nina, which is expected to form later this fall, could pose risks to the soy crop.





