What You Need to Know Today: Corn and soybean yields in the September WASDE report were close to pre-report expectations. The corn yield came in at 178.5 bushels per acre, compared with an average analyst estimate of 178.1, while the soybean yield was 52.8 bushels per acre, slightly abov...
Market Commentary: September WASDE Leaves Grain Outlook Largely Intact
The Bureau of Labor Statistics (BLS) reported this morning that August’s rate of inflation was 0.4 percent, holding steady at 3.4 percent for the year. That matched analysts’ pre-report expectations and was even with July’s rate of 3.4 percent. For the year, food was up 2.7 pe...
USDA and sugar have been married since 1934. With such an old marriage, there are all manner of promises, obligations and compromises. There are disagreements and arguments, and occasional calls for divorce, but they lack real conviction. We outsiders find it all so difficult to understand. The...