Tidbits
Yesterday morning, the USDA reported the sale of 30,000 mts of old crop soybean oil and 35,000 mts of rice to South Korea.
Cargill began laying off employees across its operations on Tuesday in a drive to slash headcount by 5%. Cargill is facing a downturn in returns in cattle, grains and oilseeds businesses.
In Minnesota, home to its headquarters, Cargill plans to terminate 475 employees. Cargill has more than 160,000 employees worldwide, and a spokesperson said all operating regions will be affected by cutbacks.
U.S. President Joe Biden's administration has awarded over $100 billion in grants created by its signature climate law. As much "green money" as possible needs to be absorbed before Trump takes office, because he is a climate change sceptic and is likely to significantly cut back on investment in this area.
The Epoch Times reported on Mexican emigration yesterday:
“Authorities in Mexico dissolved two caravans of would-be illegal immigrants heading to the United States. The breaking-up of the caravans appeared to be part of “an agreement between the president of Mexico and the president of the United States,” migrant rights activist Luis Garcia Villagran said.