EUR/USD 1.16666
-0.178%
Gold 3366.52
0.307%
Oil 67.270
-0.327%
USD/JPY 147.341
-0.018%
GBP/USD 1.34857
-0.082%
GBP/JPY 198.702
-0.102%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 14, local time on July 13, people familiar with the matter said that the Federal Aviation Administration (FAA) and Boeing have privately issued a notice stating that the fuel switch lock of Boeing aircraft is safe. The notice stated that although the design of the fuel control switch (including the locking function) is similar on various Boeing aircraft models, the Federal Aviation Administration does not consider this problem to be an unsafe condition and has issued airworthiness directives for any Boeing aircraft model, including the 787 model. It is reported that the Indian Air Accident Investigation Bureau disclosed the preliminary investigation results of the previous Indian Airlines Boeing 787-8 passenger plane crash on the 11th. The investigation report raised questions about the fuel cut-off switch of Boeing aircraft engines. The Federal Aviation Administration issued a continued airworthiness notice after the release of the investigation report.Market news: The EU plans to further cooperate with more countries hit by US tariffs.Sources: The U.S. Federal Aviation Administration (FAA) has told aviation regulators that there is no safety risk with the fuel switching locks on Boeing aircraft.German Chancellor Merz: The 30% tariff imposed by the United States will have a serious impact on Germanys export industry.German Chancellor Merz: I have had in-depth talks with US President Trump, European Commission President von der Leyen and French President Macron on tariffs. We hope to use the time before August 1.

River transportation issues limit US autumn grain and soy supply

Charlie Brooks

Oct 18, 2022 14:16

20.png


Low river levels have impeded the movement of grain barges to export terminals, leading U.S. soybean exports to lag behind their normal autumnal pace despite an accelerated harvest and greater supply. Monday's release of Department of Agriculture (USDA) data.


According to weekly USDA data on export inspections, corn exports are likewise behind their normal harvest-time pace.


Low water levels on the Mississippi River and its tributaries have impeded the transportation of grain barges to Gulf Coast export terminals, where approximately sixty percent of U.S. agricultural exports are handled.


The most recent disruption in the supply chain happens at the start of the busiest time of year for U.S. crop exports, including the two most valuable cash crops, maize and soybeans.


To prevent groundings in rivers parched by drought, merchants have reduced barge tows by more than 40 percent and decreased the amount of grain loaded onto each barge. The Army Corps of Engineers has been dredging sections of the Mississippi and Ohio rivers to deepen their shipping channels.


Without extra precipitation, though, traders fear that Louisiana Gulf terminals won't be able to acquire enough grain to fulfill export contracts.


This week, according to the National Weather Service, the Mississippi River at Memphis, Tennessee, a choke point where dredging was halted for several days earlier this month, will reach its lowest level ever.


During the week ending October 6, the USDA reported that 1,882 million tonnes of soybeans were inspected for export, up from 976,877 tonnes the previous week but fewer than the 2,452 million tonnes inspected during the same period last year. Terminals on the Louisiana Gulf evaluated only 32% of this tonnage, and season-to-date inspections were 23% lower than the previous year.


Compared to the previous year, when 1.04 million tonnes of maize were inspected, only 448,423 tonnes were inspected last week. Through this point in the season, inspections were down 21%.

Suggestion