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Beef Policy, Codelco Profit Jump, $24 LNG & 28% Ukraine Grain Rebound
Description
Codelco reports a fourfold jump in pre-tax earnings to $1.97 billion despite an 11% drop in copper production. In global trade, Ukraine boosts weekly grain exports by 28% via Danube river channels following Black Sea port blockades, while spot LNG prices surge to five-month highs of $23.20 per mmBtu amid tightening European storage and maritime bottlenecks that reduced visible Strait of Hormuz commodity traffic to five vessels a day. Meanwhile, Washington targets an 85% meatpacking concentration with new interstate processing orders and weighs expanding small refinery biofuel waivers to 1.8 billion credits.
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