Tidbits, S&D Estimates, Markets & Rain Days Update 7/12/23

Highlights

Early yesterday morning, Russians attacked the Port in Odessa, Ukraine largest grain shipping port, with Iranian Shahed-136/131 kamikaze drones. Debris from the downed drones set fire to two terminals, including a grain terminal according to Oleh Kiper, head of Odessa Region Administration. There was some “marginal” damage to the grain facility.

US Consumer Price Index (CPI) later this morning. The market expects an increase of 0.3% in June.

The USDA will issue its July S&D at 10 AM Mountain time today. Here are the expected key numbers:

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