The battle for acres between soybeans and corn is well known but other crops are also considered by producers. For the top three cereal grain crops, there are wide ranging pros and cons to each one.
One of the largest influences on planting choice is net returns but agronomics, including moisture and heating degree days are key dictates. That is why Canada grows proportionally more barley, and the U.S. grows more corn. Collectively, the global winner over time has been corn. Over the past few decades, global barley production has increased by a little over 12 percent, wheat production has expanded by 34 percent, but corn output is up by almost 100 percent. ...
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...
