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. [...]
Adjusted for inflation, FAO’s Food Price Index (FPI) rose for the third straight month in October, up a respectable 3 percent YOY from September and up 29 percent YOY. The oils, cereals, and dairy indexes all recorded gains from September, the meat index fell [...]
Futures activity Sep-21 corn futures ended last week considerably lower, down more than $0.32 per bushel over the week. Dec-21 futures fell by 3.5 percent over the week to close at $5.24 per bushel. S&D and fundamental factors U.S. corn condition remains at national [...]
The market appears to be getting accustomed to ethanol production setting records month after month. In fact, ethanol production for the month of August was up 4.5 percent from output last year. Strong margins have encouraged production due to cheap corn and rising energy [...]
