Regional News Most of Europe and the Black Sea remain in a rainfall deficit with drought increasingly severe in parts of southeast Europe and western/southern Ukraine. The forecast holds increasing chances for precipitation across western Europe this week and better showers into eastern Europe/Ukraine next week. Southern Russia will remain mostly dry until the first week of October, with the winter wheat planting season typically ending around mid-October. Russian farmers may have to seed plots in hopes that rains will arrive on schedule and before temperatures turn too cold.
Milling Wheat Wheat prices continue to rally with dryness in Europe, the Black Sea, and Argentina threatening to cut the 2021 crop. U.S. weather...
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...
