Stats Canada released its first planting intentions estimates for 2017 last Friday, and there will be some enormous acreage swings in the U.S. neighbor this year if those numbers are close to accurate.Stats Canada released its first planting intentions estimates for 2017 last Friday (see below for comparison with 2016).There will be some enormous acreage swings in Canada this year if the above-noted numbers are close to accurate. Following are a few observations:
A 17 percent decrease in durum acres wasn’t surprising. More than 50 percent of last year’s crop was seriously damaged by the wet harvest, and prices for the good durum didn’t rally despite those significant quality problems. An 8 percent boost in spring wheat acres was unexpec...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
