The Bureau of Labor Statistics (BLS) released the CPI for July this morning. The CPI was up 0.2 percent for the month and 2.7 percent year-over-year. The rate was down from 0.3 percent in June and steady with the year-over-year of 2.7 percent at the end of June. However, the core CPI, which the Fed monitors, rose faster at 0.3 percent in July and 3.1 percent year-over-year, the fastest annual pace in five months.
Perhaps more telling, the CPI for services was up virtually across the board. Transportation services were up 0.8 percent, hospital services were up 0.5 percent, medical care services were up 0.8 percent month-over-month in July. Airline fares were up 4 percent, the largest increase in three years, and dental services were u...
What You Need to Know Today: The Brazilian real surged to start the week after a surprise election result in which right-wing Flavio Bolsonaro won the first round of the election. The swing in the U.S. dollar/Brazilian real (USD/BRL) exchange rate caused soybeans to jump sharply higher in earl...
Key Takeaways: Harvest pressure is fundamentally a timing issue: supply arrives much faster than demand can adjust, creating temporary weakness that can occur across crops and regions. The intensity of that pressure depends less on crop size alone than on how quickly grain moves into the syste...
Pork packer margins closed out September as positive, marking an improvement in a challenging 2026. According to Sterling Marketing, for the week ending 26 September, pork packer margins were $6.98 per head, which is up from a loss of $0.13 the previous week, more than double the margin of $3.9...
