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Grain markets drop after revised global yield forecasts >More in
© Tim Scrivener
Grain and oilseed prices dropped sharply last week after crop reports suggested global yields for 2021-22 may be higher than previously thought.
Markets for grain and oilseed have been booming as high global demand and lower crop yield forecasts combined to push up prices.
The lower yield predictions were based on growing crops, which were thought to have been hit by dry and cold weather in key growing areas.
This added further upward impetus to prices.
However, a report by the US Department of Agriculture (USDA) on crops in both North and South America, has revised predictions.
Photo credit: denisismagilov – adobe.stock.com Cargill executive Borre Moolenaar offers personal insight on blockchain’s use in product traceability and the here-now future of supply chain efficiency.
Blockchain technology, having outgrown early fears of supporting shady cryptocurrency deals, is coming to a boardroom, supply chain, loading dock, and perhaps production facility near you. It’s an especially relevant technology for industries such as food and pharmaceutical where, in addition to supply chain efficiency, product safety and traceability are required.
If you haven’t heard: Blockchains are digital ledger platforms that can be shared by participants such as all players in a supply chain. Secure, private industry ledgers establish a single immutable record, or single version of the digital truth, that once entered, cannot be modified. This includes data on products, shipments, deliveries, financial closings and more. In supply chain applic
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