Today’s USDA/WASDE report included several changes of pertinence to the oilseeds sector. Meanwhile, one particular development will challenge South American planting intentions next season. Key Oilseed Items from Today’s WASDE Report Today’s USDA/WASDE report included several changes of pertinence to the oilseeds sector. Almost all were bearish, and the most significant were among the following.U.S. Domestic Market
U.S. soybean ending stocks for 2016/17 were raised 10 million bushels to 445 million bushels due to a drop in domestic use by a similar amount. The midpoint of domestic soybean prices was reduced by 5 cents to $9.55/bushel. U.S. domestic use of soyoil for food, feed and other industrial products was decreased by 350 millio...
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...
