The CBOT was higher in moderate volume trading today with the soy complex finding fundamental support from a few sources and wheat managing to move higher on fund buying and rising world FOB offers. Corn was the most middling performer today, closing with mixed, fractional changes for the nearby contracts. The U.S. government remains closed, still stopping the flow of market information that is badly needed (or, at least, badly wanted). The market is focused on the upcoming U.S.-China trade talks in Washington next week but traders, having been whipsawed by these rumors so many times recently, are growing somewhat tired of the game (from what we’ve heard, at least). There is a blast of arctic air that will shock the Midwest tom...
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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...