BASIC & RECENT MARKET INFO

Tidbits Flash sale: Yesterday morning, the USDA announced the sale of 114,000 of old crop soybeans to unknown. The Consumer Price Index  (CPI) measures inflation at the retail level. Yesterday’s U.S. CPI number of 2.7% annual inflation rate surprised the markets, which expected an annual inflation rate of 3.1%. Lower inflation increases the probability of lower interest rates which is good for all working-class people and businesses, but it also reduces demand for U.S. dollar

Highlights The USDA could have and should have increased corn exports and ethanol use on yesterday’s S&D, but it did not, as we predicted. If you noted our summary chart of weekly exports inspections we send you every Tuesday, yesterday’s chart showed you the USDA projects corn exports this marketing year to be 6.9% more than a year ago, but with half the marketing year still ahead of us, corn exports are running 38% ahead of year ago. We know corn exports will slow down in t

Highlights There were rains of 2.5 to 3.5 inches across a wide area of Argentina’s crop land yesterday and more rain is expected this Sunday through Wednesday next week. AgRural reported yesterday Brazil’s  soybean crop was 23% harvested as of last Thursday, an increase from 15% last week. They say the second crop corn is 36% planted. Ag Resource estimates that 24% of the soybeans have been harvested and about 30% of the second-crop safrinha corn was planted across Brazil as

Highlights Late last evening local time, Iran reportedly launched 186 missiles at Israel, which the Iranian regime said was in retaliation to the killing of Hamas and Hezbollah leaders by Israel. Israeli air defense capabilities were actively engaging the incoming Iranian munitions, but warned the defense network is not airtight and urged civilians to follow safety advisories from the Israeli military’s Home Front Command. That news sent crude oil cash prices more than $3 hig