Perspective: Morning Commentary for August 12

This morning commentary by Arlan Suderman focuses on July's CPI data, which largely met analyst expectations, and geopolitical events impacting markets. Key issues include a significant Ukrainian attack on Russia's Novorossiysk naval base, raising concerns about commodity exports, and China's aggressive military drills near Taiwan. The article also anticipates the highly awaited WASDE crop report, which is expected to provide updated corn and soybean yields and demand estimates.