There were representatives from the malting barley and sunflower industry at the meeting. This supports the idea that the "minor" crops are engaged in watching the collapse of the "major" crop prices and are trying to decide at what price level they should introduce 2015 crop contracts.I spoke at a farm meeting in central North Dakota last night and came away with several observations that are worth noting:
The meeting was packed despite the fact there were two baseball playoff games and a Minnesota Vikings football game on television as well as scattered harvesting and fieldwork happening in the area. Low prices create more attention and interest than high prices. There were representatives from the malting barley and sunflower industr...
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...
