GOOD MORNING, Prices continue to trade upward into the report with technical momentum continuing in the bull's camp. All markets except soyoil post new trading range highs this morning. The bullspreads are strong, and the mission of the market is therefore to originate grain to fill pipelines and answer the call for recent demand. WEATHER Midwest weather remains mostly clear as harvest continues across the country. There will be periods of isolated showers, with temperatures above normal. The focus impacting trade, however, is on dryness in Brazil, which has created a late planting season returning better demand for US beans extending into Feb. Better rainfall prospects are called for this weeken...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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