Markets started the Sunday evening session with across-the-board losses. KC wheat was the biggest loser, down more than a dime early. The rainfall map for the next five days summarizes the reason for the weakness. Rains today over parts of Kansas were better than expected, and those in the drought areas of the southern Plains coupled with some showers in Argentina turned today’s markets into a full-fledged rout.
In addition to rain concerns, the markets are also worried the Trump administration might announce more tariffs this week, possibly igniting a trade war U.S. financial markets were also getting hammered today, losing nearly 2 percent. Crude oil and the U.S. dollar were both slightly easier. It was definitely a &ldquo...
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...
