Russia's Grain Producers Union recently forecast a 20 percent drop in the nation's grain harvest.
VOA: standard.2010.07.23
The Russian GrainUnion on Monday lowered its forecast for the 2010 harvest to between 72 million and 78 million metric tons, helping boost Chicago wheat futures to the highest level in 22 months.
Hostess Brands today announced it has shut down and will liquidate its assets, after failing to reach an agreement with the striking Bakery, Confectionary, Tobacco and Grain Millers Union.
Hostess, unlike its chief competitors, is heavily unionized (83 percent of its work force), principally by the Teamsters and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union.