The factors that affect the grain and soy markets’ price movements are obviously always changing. However, there are times when the potential for the scope and degree of those movements are particularly high, and this week seems to be one of those. Following is a summary of what markets face over the next few days:
USDA/NASS releases its report on quarterly U.S. grain and soybean stocks as of 1 March at noon (EDT) on 29 March. This should provide a good idea of what the demand for corn and soybeans has been during the first half of their marketing years and serve as a crosscheck on our assumptions. USDA’s combined March stocks and planting intentions report is often one of the most important of the year, and it has a history...
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...
