The surge in corn and soybean export demand is elevating shuttle freight values as well. However, this is not a positive development for some. Meanwhile, the hard red spring wheat harvest is rapidly picking up steam with some yields and test weights being reported.
USDA announced the sale of another 498,000 MT of soybeans to China this morning. This was the eighth consecutive day of soybean export sales announcements, which now total 1.7 MMT to China and another 1.1 MMT to unknown destinations. Yesterday’s USDA export sales report for the week ending 28 July indicated a total of almost 1.7 MMT of old and new crop soybean sales. The recent string of sales announcements will be reflected in next Thursday’s weekly sales report, which will a...
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...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
