Grains Move Past Today’s USDA Report and Look on to Next Week’s Macro Report Line Up December 9, 2022
In recent weeks grains have turned an eye away from outside market issues. That should change a little with next week's news flow. On Tuesday the Department of Labor will update the monthly retail level price data via the Consumer Price Index. The trade expects a decline from last month's 7.7% annual inflation rate down to 7.3%. The peak for this inflation cycle was 9.1% back in June. The narrative here is declining inflation but not as fast as many hope to see. That theme was shown on today's measure of wholesale pricing, the Producer Price Index. The trade expected a decline from the October reading of 8.1% down to 7.2% in November. T
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