china

Oil Prices Rise, Fall Thanks to China
Oil Prices Rise, Fall Thanks to China
Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China, the world's top crude importer, potentially relaxing its strict COVID-19 restrictions.  West Texas crude dropped to $91 per barrel at Monday’s close, after jumping up to over $93 at one point Monday; the highest West Texas price we’ve seen since August 30th.   Prices climb...
U.S. Grain Exports Hit Near-Record Total in 2021-2022
U.S. Grain Exports Hit Near-Record Total in 2021-2022
U.S. grains in all forms, better known as GIAF, exports for the 2021-2022 marketing year topped 122 million metric tons, the second-highest total on record, just behind 2020-2021's 129 million metric tons.  The U.S. Grains Council analyzed USDA data to find near-record exports of ethanol helped offset losses from corn, barley, and barley products.  Mexico ...
Smithfield to Pay $75 Million to Settle Price-Fixing Suit
Smithfield to Pay $75 Million to Settle Price-Fixing Suit
Smithfield Foods has agreed to pay $75 million to settle a price-fixing lawsuit.  Reuters said consumers accused the meat producer and several competitors of conspiring to inflate prices in the U.S. pork market by limiting supply.   Smithfield spokesman Jim Monroe said the company denied liability in settling, and that the accord reduces the distraction, risk, and cost of protracted litigation.  “

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