Monthly inflation numbers were released today. The net message is that retail level pricing is staying higher than expected. October 13, 2022
Wheat received a shot in the arm from three separate stories today. Russia is raising concerns about renewing the Ukraine grain export deal. Argentina is recognizing another cut to their coming harvest. The weekly US Drought Monitor report showed worsening conditions ahead of the coming Texas/Oklahoma rains. These overcame the bearish influence from the morning's inflation report.
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