While much attention has been focused on the value of the U.S. dollar since the U.S. Federal Reserve Board modified monetary policy and started to raise interest rates, there is another currency important to agricultural trade that is also undergoing some changes in direction.A great deal of attention has been focused on the value of the U.S. dollar since the U.S. Federal Reserve Board modified monetary policy and started to raise interest rates. There is, however, another currency important to agricultural trade that is also undergoing some changes in direction that is worth examining: the Brazilian real.The real has taken a beating since 2011, losing approximately 60 percent of its value. This was due to two trends:
The bull commoditie...
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...
