Ever wonder how dirt cheap energy could be so bearish today when that used to be a bullish economic factor, or how some people know who’s buying and selling in the futures markets throughout the day when all of the trading is now done electronically?There are some things that truly do keep me up at night, including:
Ever wonder why we see updated crop condition ratings for winter wheat in the middle of the winter? The crop is typically dormant, and the northern winter wheat areas are usually under snow cover. That hasn’t been the case much of this year because of the very mild North American winter. Ever wonder how dirt cheap energy could be so bearish today when that used to be a bullish economic factor? Yes, today people view cheap en...
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...