India’s soybean processors have greatly reduced their crush volume due to certain factors and had asked the government to take specific action to boost imported supplies. However, it is considering an alternative plan. No Major Changes for Soy Sector in USDA's WASDE Report As expected, there weren’t many major changes for the global soy sector in today’s WASDE report. USDA made a few in its forecasts that were mostly anticipated, but none that really altered the outlook very much. Among the more significant forecast revisions were the following:
The 2015/16 U.S. soybean crush volume was reduced by 10 million bushels to 1.88 billion bushels (51.17 MMT) based on a decrease in soymeal exports. That still would be the highest crush volume...
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...
