The CBOT was called to open lower amid a jittery stock market and continued feuding between Russia and Saudi Arabia over oil prices. The market opened as called but found better than expected strength early in the morning. The corn market opened just a few cents lower as traders continue to believe the 97-million-planted-corn acres forecast is the largest they’ll see this year.
The U.S. weather outlook for this week features heavy rains from the Delta up through the Corn Belt that will result in soggy conditions. The weather is most concerning for the growing SRW crop. Past that, the 6-10 day forecast features warmer-than-normal temperatures for areas east of the Rockies, along with generally higher than normal precipit...
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...
