The most specific, direct influences for grain and soy markets appear to be USDA's various reports and weather, but the fundamental message we see is that the outlook for U.S. wheat, corn and soybeans is constrained by a lack of export demand.We returned last night from a weeklong fishing trip in northeast Manitoba where there was neither access to Internet nor the daily price action in grain and soy futures markets as well as news that might be of impact. After being away, it is always very interesting to see what has changed or not and why. Take futures prices as an example. Since the market closes of 5 June until today when we checked prices about midway through the day session, the following futures price changes were noted:
July cor...
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...
