What You Need to Know Today:
Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate increase. CONAB released its monthly report, raising its corn production forecast by 0.9 percent to 142.995 MMT while trimming its soybean production estimate by 0.1 percent to 180.464 MMT. Wheat markets are closely monitoring the potential revival of a Black Sea grain initiative, which could restore grain export flows from the region. Old-crop corn export sales saw a notable increase from 117 KMT the previous week to 411 KMT in the most recent export sale...
Key Takeaways: The U.S. sheep industry is contracting. Lamb output and producer participation have declined sharply. Imports now account for most U.S. lamb consumption. Their roughly 70 percent share raises concerns about domestic capacity and resilience. USTR’s referral carries substant...
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies, resulting in a tighter red meat supply. Broiler production, however, continues to grow and is forecast to be up more than 3 percent. Beef...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
