Most people won’t remember the “Is it real or is it Memorex?” slogan. With soybean futures finishing today up to 27 cents higher, though, some are wondering if this rally is real or if it’s a Memorex rally. While it's really hard to know, there are several reasons to believe it is real.Most people won’t remember the “Is it real or is it Memorex?” slogan. This was part of an advertising campaign for a recording tape that was supposed to reproduce audio at a quality that sounded better than when heard live. Now with soybean futures finishing today up to 27 cents higher, some are wondering if this rally is real or if it’s a Memorex rally. The answer is, it’s really hard to know. Following are several reasons to believe it is real:
Projected...
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...
