Soybeans Argentina The holiday in Argentina has made for a light news week so far. The center of Buenos Aires received strong rains over the weekend, putting a hold on the harvest. With accumulations of 30-110 mm reported as of Sunday morning, the rain persisted through Monday morning.
Today 56 percent of Argentina’s area is harvested, up 24 percent versus a year ago. Production estimates remain at 38 MMT or 16 MMT below last year’s crop. The market is quiet with offers remaining at +115N for May and +125N for June shipments. The FAS market was offered at $320/MT, giving a replacement of +150N for May and +190N for July/August. Uruguay Thunderstorms impacted the entire region over the weekend. Only 27 percent of the count...
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...
