The quarterly corn stocks estimate is the one that always seems to hold unexpected news for the market. Surprises in this report will be as significant as in the past few years because the overall stocks number will be 600-700 million bushels above levels of a year ago.USDA will release several critical reports on 12 January at 12 pm (EST), the most important ones until 31 March when the next quarterly stocks numbers plus the all-important 2015 planting intentions numbers will be issued. Monday's reports will include:
1 December quarterly grain stocks U.S. winter wheat planted acreage "Final" corn and soybean crop production estimates Revised U.S. and world supply/demand numbers (WASDE)
Below are the pre-report expectations for qua...
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...