I’m Clinton Griffiths, with today’s AgDay Minute.
Corn and soybean futures keeping their positions after making huge gains earlier in the week. That’s after USDA’s surprise stocks report showing smaller inventories left when it comes to last year’s crop. You see the numbers on your screen. Adding to the shock, the June stock numbers were also revised. With corn stocks down 205-million bushels, soybeans down more than 4-million, and wheat, down almost 16-million. Analysts saying these numbers add to the focus on total output from this year’s crop.
Subway’s bread apparently isn’t bread. At least according to Ireland’s Supreme Court. It ruled Subway’s bread for heated sandwiches is not bread, legally speaking, because it contains too much sugar. It came about because a franchise owner in Ireland was seeking a tax exemption on its rolls for heated sandwiches. Under a 19-72 law, businesses in Ireland don’t have to pay a tax on staples such as bread. The court found Subway’s six breads don’t meet the definition because sugar makes up about 10-percent of the weight of the flour.
An artist deliberately dumped 31-tons of carrots into a London street. It’s apparently part of an art installation to highlight the wasting of food. The work had mixed reactions, with some concern about the artist wasting food by dumping it, but he claims the carrots were rejected by supermarkets and he plans to donate them to farms as animal feed.
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