Author name: worship

The increase in raw materials and the cost of fuel is having a broad impact on food prices. Corn, wheat, rice, edible oils, and soybeans are dramatically more expensive with indications that prices will continue to rise. Across the world, these commodities are the staples of existence and are now prohibitively expensive for many. Prices […]

Futures investors are bullish on corn. In fact, corn futures for May jumped over 9 cents per bushel recently. Let’s explore what’s happening with corn that is causing this increase in corn future prices. Weather Issues The Midwest is expecting some extreme cold weather this week with blizzard conditions in some areas. Freeze followed by

Shipping containers are in demand these days and for different reasons. First, trade has accelerated in the past year, creating an increased demand on shipments and the need for more containers. Manufacturers of shipping containers are increasing production in an effort to meet the increased demand. Another reason, and of more concern, stems from the

Major efforts are underway to dislodge a large container ship stuck in the Suez Canal. The 224,000-ton ship, the Ever Given, entered the Canal on Tuesday morning. At approximately 7:40am local time, the ship suffered a blackout after being hit by a sandstorm due to strong winds. Egypt’s Suez Canal is a major marine traffic

Brazilian Truck Strike Brazilian truck drivers have been trying for years to improve working conditions, including wages which they feel are insufficient to make a decent living. This year, truck drivers are focused on the minimum freight prices which they consider too low. Another concern is a project called BR do Mar, which would support

Brexit is the name given to the United Kingdom’s departure from the European Union or EU. On March 29th, 2017, the Prime Minister triggered the 2-year countdown to the UK formally leaving the EU. The expectation was that the UK would leave around in March 2019, but an extension was granted to delay the Brexit