Regional News European weather conditions remain concerning for 2021 winter crops. While eastern Europe and western Ukraine are slated for rains in the coming week, most of western Europe and, importantly, southern Russia and the eastern Black Sea region, remain concerningly dry. The planting window for the Russian winter wheat crop is ending in the next week or two, and many are wondering what will happen to the unplanted fields.
Ukraine’s 2020 grain exports are down 15 percent YTD, largely due to lower corn shipments. The corn crop was hurt by untimely heat and drought this year, which has reduced the export surplus. Milling Wheat Wheat prices are higher this week following the October WASDE and continu...
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...
