USDA will release its April WASDE report with supply/demand revisions tomorrow, but it is almost impossible to make a case for why any of those numbers will be bullish because of several reasons.USDA will release its April WASDE report with supply/demand revisions tomorrow 11 April at 12 p.m. (EDT). It is almost impossible to make a case for why any of those numbers will be bullish because of the following reasons:
The 1 March U.S. quarterly stocks of corn, wheat and soybeans were all bigger than expected by the trade. Those larger numbers should be reflected in either reduced feed consumption for corn and wheat or in an upward adjustment to the 2016 production estimate for soybeans. Either way, the result should be at least slight incre...
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...
