THE OPEN November beans: 4 3/4 lower December meal: 1.40 lower December soyoil: 9 lower December corn: 1 3/4 lower September wheat: 4 1/2 higher The markets were mixed today but spread activity was apparent as former buy bean/sell wheat trade reversed itself. The wheat rally became the feature of the day against all other lower markets. The soy complex continued to retreat but corn values gained a bit of strength from wheat spillover. SOY
The soy complex retreated today as traders locked in profits after December soyoil hit double highs at 2960c, though meal prices traded both sides of even. December meal back-tracked to the 100-day moving average of $300.60, which...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
