Today's November USDA crop production estimates and supply and demand revisions were not as bearish as many analysts were expecting. USDA made no adjustments to either the planted or harvested acreage numbers for corn and soybeans.Today's November USDA crop production estimates and supply and demand revisions were not as bearish as many analysts were expecting. The tables below provide comparisons with the October reports, analysts' expectations and today's real numbers. In addition, there are a few other considerations:
USDA made no adjustments to either the planted or harvested acreage numbers for corn and soybeans. There had been some expectation that it might reduce both at least slightly in today's report. Some acreage adjustments i...
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...
