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Cargill and Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Ky., announced that they have entered into a definitive agreement where Cargill will add Owensboro Grain Company (OGC) to its North American agricultural supply chain business.

Although wheat prices have fallen from the peak earlier this year, global wheat prices remain elevated, reflective of both uncertainty in the market based on disrupted trade flows in the Black Sea region and the continued decline in the stocks of several major exporters.

In its fourth forecast for the 2022 crop, grain industry group COCERAL sees the total grain crop in the EU-27+UK at 287.9 million tons. This would be down significantly from the 309.8 million tons harvested in 2021.

Since the first vessel sailed under the Istanbul grain export deal on Aug. 1, more than 200 ships have carried over 4 million tons of agricultural products through the grain corridor.

France's transport minister said on Sunday he would sign an agreement with Romania to help increase Ukrainian grain exports to developing countries including to the Mediterranean.

Scoular, one of the largest grain companies in North America, has completed an extensive upgrade to its grain handling facility in western Missouri that triples grain unloading speeds for farmers and expands storage space in time for wheat harvest.

Grain Craft, the largest independent flour miller in the USA, announced that its parent company has entered into a definitive agreement for Grain Craft to be acquired by Redwood Capital Investments, LLC. Transaction terms were not disclosed.

FAO’s (The Food and Agriculture Organization of the United Nations) forecast for global cereal production in 2022 was raised by 7 million tonnes in July from the previous month and is now pegged at 2 792 million tonnes, according to the new Cereal Supply and Demand Brief. This is still 0.6 percent short of the world output in 2021.

The Turkish Grain Board (TMO) will continue to sell subsidized flour to bakeries in June in order to prevent the excessive increases in bread prices. The regulation by the Office had been planned to end as of May 31.

Further development of digitalized products and services to extend customer service and a continuous focus on reducing customers’ raw material losses are some of the key themes for Cimbria in the coming years. In 2022 the company–who is world-leading in industrial processing, handling, and storage of seed and grain–celebrates its 75th anniversary and aims at remaining experts at their customers’ side for many decades ahead.

Amid the Russian invasion, Ukraine declared sowing campaign. Ukrainian authorities forecast that 70% of the arable land will be cultivated.