Now that weather has faded from the market screens, there are other items to discuss. Among a few to start the week are shuttle train values, U.S. winter wheat acreage and the current status of U.S. exports.Now that weather has faded from the market screens, there are other items to discuss. Following are a few to start the week:
U.S. exports were poor six months ago with many ranges at just 50-60 percent of capacity. The Pacific Northwest (PNW) was especially slow, and corn exports to northern Asia were very slow. Most of the soybean export business was from the center Gulf, but that has now changed. The surge in corn exports combined with more soybean shipments from the PNW has tightened that range considerably, and it is now near capa...
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...
