Post-holiday trading was active at the CBOT with wheat falling amid the lack of export restrictions from Russia while soybeans traded a mixed day on yet-uncertain news from South America. Corn was higher as the Midwest weather deteriorates while the livestock complex was unabashedly bullish. Wall Street is lower with the Dow and S&P500 down fractionally while the VIX and the U.S. dollar up up slightly. WTI crude oil is back below $70/barrel as a renewed focus on EIA’s large-supply scenario data outweighed recent bullishness.
Corn December corn added 3 ¼ cents as much of the Midwest received moderate to heavy rains recently which prompted flash flood warnings across the region. This week, more rain is expect...
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...
