General Comments Markets were mixed overnight with corn steady, wheat slightly higher and soybeans slightly lower. Volume was quiet ahead of the last day of the week. USDA made several export sales announcements this morning, including:
300,000 MT of hard red winter wheat to Iraq 102,000 MT of corn to Mexico 135,000 MT of corn to South Korea 251,000 MT’s of sorghum to “unknown”
U.S. equity markets were mixed early and then traded slightly higher the rest of the day. The unemployment rate released today was the lowest since 2000. Crude oil was mostly steady as was the U.S. dollar. Corn FUTURES Yesterday’s huge sale to Mexico (1.35 MMT) was the 10th-largest single daily corn export s...
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...
