April’s Consumer Pricing Index (CPI) was announced midweek up 0.4 percent from March, slightly below market expectations. The monthly increase cooled the annual rate of inflation down to 4.9 percent. Hourly earnings, adjusted for inflation, rose just 0.1 percent, still down 0.5 percent YOY. [...]
Corn basis: Basis bids around Decatur, IL were considerably higher during the April reconciliation period, compared to March 2023 and April 2022. Corn gluten meal and feed: Corn gluten meal and feed prices continue to decline, both seasonally and year over year. April CG [...]
Warmer weather across the country is ushering in spring-like conditions and inventories of natural gas are again building. This year’s turn came earlier than last year’s, with stocks in underground storage rising 25 billion cubic feet (Bcf) in the first week of April. The [...]
The 2023 Spring Market Seminar was held this past Wednesday! The Spring Market Seminar is our annual event where McKeany-Flavell market experts share their knowledge and insights and celebrate developments in various ingredient industries. This year’s seminar was held on Wednesday, April 26. Our [...]
May-23 soybean futures closed at a high last week while Nov-23 soybean futures closed lower. May-23 soybean oil was down by less than 1 cent for the week. Brazil is said to have already sold 66 MMT of their record soybean harvest, the main [...]
Weekly ethanol production and use for blending were down 1 to 2 percent during the first half of March, while stocks rose to 26.4 million barrels as of Mar. 10—a record level for the week and close to the highest level for March, which [...]
Tune in to McKeany-Flavell's Hot Commodity Podcast Series! If you want to become more familiar with the world of commodities and empower yourself with market knowledge, the Hot Commodity podcast has what you’re looking for. Join us as we discuss fundamental and technical factors [...]
Liquefied natural gas (LNG) began flowing again at one of the largest export facilities this week, more than seven months after an explosion idled operations. The Freeport, TX facility is the nation’s second largest and currently accounts for 25 to 30 percent of U.S. [...]
