Today’s quick hits, June 1, 2023

Storage costs pinch elevators: Facing an array of factors that are driving up the cost of storing grain, co-op elevator operators are considering lowering their bids for local grain. (CoBank)

Farmworker shortage: At a Senate hearing, growers said they increasingly rely on guestworkers, who are in the United States on short-term visas, to harvest fruit and vegetable crops because they cannot find enough workers locally. (The Packer)

Cargill exits China poultry: The agribusiness giant said it would sell its poultry business in China to a Beijing-based private equity firm amid a retrenchment among poultry processors worldwide because of high feed costs. (Star Tribune)

Major merger mulled: A merger of grain traders Bunge and Viterra, the subject of rumors for a week, would create a company nearly as large as Archer-Daniels-Midland and Cargill. (Reuters)

Limit on Ukraine grain?: The EU agriculture commissioner said discussions were underway on extending a ban on imports of Ukrainian grain into Poland, Bulgaria, Slovakia, Hungary, and Romania until Oct. 31 or even the end of 2023. (AgriCensus)