The CBOT headed lower today primarily on unsurprising results from the Pro Farmer tours and a general lack of fresh news. The weather through the end of August is generally non-threatening for most of the Midwest, taking away one bullish factor. Early Pro Farmer results confirm big corn and soybean yields, again highlighting USDA’s effectiveness in early-season forecasts. Wall street is higher with the S&P 500 hitting a new record high and the Dow gaining as well. The Dollar Index recovered from earlier lows after President Trump's negative remarks towards Fed Chairman Powell yesterday.
Corn December corn finished 2 ¼ cents lower, finding support at the 40-day moving average (MA). Momentum indicators sugges...
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...
