USDA data for week ending August 9, 2018:
Wheat: Net sales of 803,000 MT for 2018/2019--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Corn: Net sales of 339,000 MT for 2017/2018 were down 39 percent from the previous week and 26 percent from the prior 4-week average. Soybeans: Net sales of 133,400 MT for 2017/2018 were down 68 percent from the previous week and 52 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 207,200 MT for 2017/2018 were up 89 percent from the previous week and 71 percent from the prior 4-week average. Soybean Oil: Net sales of 4,800 MT for 2017/2018 were do...
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...
