More positive news during the weekend regarding the prospects for an agreement to end the U.S.-China trade conflict buoyed the soybean complex both last night and early in today’s session. China also said late Friday that it will purchase another 10 MMT of U.S. soybeans. The news that President Trump suspended the 1 March imposition of additional tariffs against China sent U.S. equity markets higher today. Crude oil was down nearly $2.00/barrel, and the U.S. dollar was slightly higher.
Corn FUTURES Corn futures traded 2-3 cents higher overnight, but they changed direction when the wheat market gave up today and ended 3.25-4.75 cents lower at the close. Neither the export sales announcement of 279,000 MT of old and new cr...
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...
