USDA will release its monthly WASDE (supply/demand) estimates and another round of corn and soybean crop production estimates on 12 September. However, there are really only four numbers that will be very important to the markets.USDA will release its monthly WASDE (supply/demand) estimates and another round of corn and soybean crop production estimates on 12 September. However, there are really only four numbers that will be very important to the markets, and following is a discussion of each:
The August USDA corn yield estimate was much higher than expected at 175.1 bushels/acre. This beat the previous record of 171 bushels/acre in 2014. The yield estimate was a surprise because it was pushed that high in August, which is early. In add...
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...
