Most in the trade appear to have concluded that the lower soybean stocks noted in USDA's report on Tuesday indicate that it overestimated the size of last year's U.S. crop. However, there may be another reason why that number was smaller than the market expected. Another Increase is Forecast for Ukrainian Soybean Production and Exports Ukrainian Agriculture Minister Oleksiy Pavlenko predicts the country's 2015 soybean production will total a record-high 4.1 MMT in 2015. This compares with last year's 3.9 MMT and is below USDA's forecast of 4.4 MMT. He is also estimating Ukraine's 2015/16 soybean exports will reach 2.5 MMT against an expected 2014/15 total of 2.3 MMT. USDA is forecasting exports at 2 MMT in 2014/15 and 2.6 MMT in 201...
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...
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