Traders should be sleeping well with the general lack of things to keep you up at night. However, danger is lurking below the surface of several markets.There really hasn’t been much to keep you up at night lately. Another year of generally excellent world crop production has kept a lid on prices. In fact, there was commentary today that corn and soybean trading ranges this year have been the smallest in over a decade. Wheat’s trading ranges would also have been in that same dull pattern had it not been for the Northern Plains drought in June and early July that propelled wheat futures sharply higher.Here are a few things to worry about:
There is increasing evidence that world weather is shifting towards a La Nina pattern. Some weather f...
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...
