Grains:
– Brazil’s soybean harvest 7% ahead of last year’s pace
– Vietnam’s July coffee exports down 35% year-over-year
– Cotton global surplus reduced from 1.05 million tonnes to 760,000 tonnes
Cattle:
– Cattle slaughter down 833,153 head year-to-date
– Choice beef prices up to $313.37/cwt, Select up to $297.46/cwt
– Cattle prices in Kansas up $2/cwt, with some live cattle sold at $190/cwt
Other Metrics:
– Crude oil inventories down 54 million barrels over the last 4 weeks
– Global crude oil floating storage 27% lower than a year ago
– Natural gas inventories 37% above 5-year average
– Cocoa grindings showing signs of slowing demand
– Sugar net selling by money managers of 42,000 contracts
– Dollar index at highest level since July 11
– UK retail sales balance fell to -43 in July, lowest since April
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