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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Allendale Insider
Allendale Insider
On The Go
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Soybeans and wheat see pressure this week. Corn holds.
September 22, 2023
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Cattle on Feed confirms a return to lower placements. Q2 supplies will be tight.
September 22, 2023
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Pork questions remaining procurement. Cattle hit by weights, beef and the stock market.
September 21, 2023
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Grains show export sales disappointment.
September 21, 2023
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Hogs surpass last week’s high.
September 20, 2023
On The Go
September 22, 2023
September 22, 2023
September 21, 2023
September 21, 2023
September 20, 2023
Market Movers
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December found light support at 474 yesterday/last night, chart open to 467 ¾, rains added again.
September 22, 2023
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Rains dramatically reduced in the 6 – 10 day forecast, exports may be expected disappointing.
September 21, 2023
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Rains in the 10-day outlook may slow harvest and offer mild support, exports are needed.
September 20, 2023
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Harvest at 9%, analysts expected 10%, the forecast may slow harvest days 1 – 5
September 19, 2023
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Funds were aggressive sellers of 41K, now short 135K or 42% of record, solid harvest forecast.
September 18, 2023
Market Movers
September 22, 2023
September 21, 2023
September 20, 2023
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September 18, 2023
Snapshots
Snapshots