General Comments: There are two major factors that will affect grain and oilseed prices this week:
WASDE: It is USDA report week (again). Revised corn and soybean production estimates and WASDE (supply/demand) will be released Thursday morning, October 12th. This will tend to keep the markets in check all week. Weather: Variable weather conditions in Brazil and Argentina are messing with corn and soybean planting. Central and northern Brazil remain hot and dry while southern Brazil and northern Argentina are too wet.
The markets started the Sunday evening session fractionally higher, but were trading lower at the early close Monday morning. That slightly weaker tone carried into today’s session. Wheat markets tended to b...
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...
