The wheat market in Romania and Bulgaria was quiet last week without any trades reported. Some parcels of both origins' 12.5 percent wheat are offered in the mid-$180s/MT FOB, but there are no close buyers. Demand can be found in the high $170s/MT FOB from one country. Milling Wheat The Black Sea market again remained about unchanged last week. Turkey has finally reopened the door to Russian wheat imports after ending a ban that lasted approximately two months. Domestic prices in Russia continue to erode, but the FOB prices are still steady. There are rumors of difficulties collecting the value-added taxes (VATs) back from the authorities, and this may be the reason why exporters are reluctant to put new sales on the books. The weather is...
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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