USDA shocked the market with the August World Agricultural Supply and Demand Estimate (WASDE), in particular the record corn yield of 188.8 bu., which was well above trade guesses and nearly 10 bu.
Current inflation rate in the U.S. is 2.9%, higher than the Federal Reserve's 2% target. Core inflation, which excludes volatile food and energy, is at 3.1% The average price of a dozen eggs is $3.59, ...
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