Wheat has been the whipping boy of the market for the past several years and the short leg of every spread. Unlike corn and soybeans, which are the same around the world no matter the origin, wheat is more complex.The world has produced four consecutive wheat crops, and “awash in wheat” has long been the slogan among analysts. However, there aren’t many analysts of this commodity around anymore, and it has become difficult to find wheat commentary. One significant reason is that while corn and soybeans are the same around the world no matter the origin, wheat is more complex. Following are some of its distinctions:
USDA/FGIS recognizes eight different classes of wheat: hard red spring, hard red winter, soft red winter, hard white, soft w...
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...