Regional News Markets are increasingly concerned about growing dryness in the Northern Hemisphere. Drought is expanding in the U.S. Northern Plains and the Canadian Prairies and Europe’s weather is also trending drier. There has been little to no rainfall across France, Germany, or the UK in the past few weeks, which is boosting concerns about crop stress. WPI notes cumulative precipitation in the past 30 days over central France is 25 mm below normal, which amounts to less than half the typical rainfall.
The one-week outlook for Europe’s weather features dryness for the UK and most of northern Europe. Western Spain should see beneficial precipitation while France, Germany, and southeast Europe are slated for jus...
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...
