The grain and oilseed markets were quiet overnight and again today. Volume was light in corn and soybeans but better than average in wheat. The markets will want to see all the numbers in the 11 January USDA reports that are to be released this Friday before setting any new direction. U.S. equity markets were steady early, but they did rally as the day continued. Crude oil was lower throughout the entire session. There is still optimism that the U.S. and China will reach some sort of accord on trade before 2 March, the deadline for application of another round of tariffs.
Corn FUTURES Corn futures had another day of insignificant price changes. Weekly export inspections were okay at 900,000 MT, which was not enough to generat...
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...
