Laurel & Hardy originally posed the question, “What do we do now, Ollie?” However, it remains relevant today for participants in the grain markets. Given the exceedingly bearish market tone, what will the 31 March reports mean for the market?That famous line might be too old for the average Ag Perspectives reader to remember, but it’s from the Laurel & Hardy comedy team that was popular in the 1930s. It sums up pretty well the current situation of the markets: there is no question the bears remain solidly in control. To recap the bears’ influence:
Wheat made a nice rally early this month only to totally collapse back to the lows on forecasts for rain across the dry southern Plains. The soybean export pace remains strong enough t...
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...
