What You Need to Know Today:
Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate increase. CONAB released its monthly report, raising its corn production forecast by 0.9 percent to 142.995 MMT while trimming its soybean production estimate by 0.1 percent to 180.464 MMT. Wheat markets are closely monitoring the potential revival of a Black Sea grain initiative, which could restore grain export flows from the region. Old-crop corn export sales saw a notable increase from 117 KMT the previous week to 411 KMT in the most recent export sale...
What You Need to Know Today: Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade cou...
The heat of summer is now transitioning into more moderate temperatures, and the next two months have the busiest marketing periods of the year for replacement cattle. Weather always influences the replacement cattle market, and the primary grain belt in the Southern Plains, where many cattle a...
Key Takeaways: Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machin...
