Mexico’s Deputy Central Bank Governor Irene Espinosa is doing what many other politicians do when they want innocence from a problem – blame global warming. Inflation is higher this year in Mexico and food inflation specifically has shot up to 6.1 percent. The Deputy Governor has responded with the statement that “The spike we have seen in fresh food [prices] as a result of climate change…” If climate change is to blame, one would expect a drop in production but there is nothing in the indicators to suggest that is a problem. The country’s food production continues to expand on a solid pace.
Of course, she said “fresh” food, which is a poorly defined term but looking at the production of &...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
