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U.S. producers are expected to reduce plantings of the variety of wheat used to make pastries and snack foods by 18% to 20% from last year due to weather delays and weak cash prices. Last year, producers planted about 8.3 million acres of the variety, soft red winter wheat, which is grown in the central third of the country. Total winter wheat seedings last year were about 43.3 million acres. This year, wet weather that has slowed the U.S. corn and soy harvests has delayed SRW wheat planting. Many producers seed SRW wheat after soybeans in the Midwest and South but could not plant wheat until the soybeans were harvested and the ground dried up.

The government of Ukraine is once again holding back the payment of huge sums of value-added tax refunds, for long periods of time, owed to grain exporters and other private companies. Ukraine is reported by many private companies to have the worst track record of any country in the world regarding vat tax refund payments, according to the U.S.-Ukraine Business Council (USUBC).

Nov. 16 (Bloomberg) -- Crude oil rose the most in six weeks as the dollar weakened and the Standard & Poor’s 500 Index strengthened to a 13-month high, bolstering confidence that the global economy and energy demand are recovering.

It is not a secret that using of innovative process solutions in the fat-and-oil industry provides the undisputed competitive advantage. To date, in the terms of severe competitive struggle on both the domestic and foreign markets, only those companies, which promptly introduce advanced technical and technological concepts, have the best qualitative parameters of own products and the least prime cost of own commodities.