It was a week of big gains for corn and soybeans, and wheat as well, but today put a damper on it. Wheat, like corn and soybeans came out of the chute this morning following on the double digit close in the overnight market. But wheat may have been buffeted (corn too) by speculation on whether Ukraine is going to ship grain. Key developments include the following:
This week, the UN established the Joint Coordination Center in Istanbul to facilitate sales.
Ukraine’s harvest has picked up pace and has already netted 11.7 MMT of grain. The country could export 5 MMT of grain/month. At least one major insurance company has agreed to issue $50 million in coverage.
Ukrainian Infrastructure Minister Oleksandr Kubrakov says the...
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...
