Recent warm weather across the Northern Hemisphere has left zero snow cover across nearly all of the winter wheat production regions of the U.S. and Black Sea. We suspect that most people are taking a break (or at least trying to) from markets and market news this day after Christmas and will also do so through the New Year's weekend. In view of that, we'll save lengthy analysis for another time and instead just point out a few potential land mines on the way to 2015:
Weather in Brazil and Argentina has been generally good, and most crop production estimates are still at record levels for Brazilian soybeans. In fact, a few are throwing out numbers between 95-100 MMT. The critical time period is about to begin, and it is now important to...
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...
