Russian grain prices continued to fall last week while Ukrainian prices increased. Ukraine has been granted additional grain export quotas from the EU, which will buoy that country’s exports.
Russian Grain Markets: 22-29 September 2017 Market Trends Russian grain prices suffered a significant decrease last week. Wheat (milling and feed) prices rose slightly in the European part of Russia but decreased in the Asian part of Russia. Milling rye and feed barley prices are steady to slightly lower. Geographically 3rd grade soft milling wheat prices are still falling in Siberia (-$3.70/MT) and the Ural region (-$1.90/MT), slightly decreased in the Black Soil region (-$0.20/MT), but remained stable in the Central region and gr...
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...
