The recent escalation in the Middle East conflict presents a significant risk to energy and freight rates in the medium term, with potential repercussions for agricultural markets, finds the CRM Agri Agricultural Economic report.
Grain markets were mixed on both sides of the Atlantic, as traders await the latest WASDE from the US Department of Agriculture (USDA), which is due to be released on Thursday; they are also weighing up weather linked risks in different regions globally.
Rabobank, assessing the impact of the conflict in Israel on food, energy, and fertilizer trends, says that if it is contained to the Israel and Gaza region it may not move the needle too much for energy, commodity or livestock prices.
The funding from that strategic investor is part of an initial unpriced round to support Entoprotech’s R&D and business development plans in the next 12 months and will be part of a $30m Series A round planned towards Q4 2022.