The CBOT ended mixed with the soy complex rallying on strong soymeal and a turnaround in soyoil prices, coupled with a hot, dry August U.S. weather forecast– the key soybean yield determining period. Corn prices were mixed with the July contract rallying again amid strong spot commercial demand while deferred futures weakened under pressure from the looming Grain Stocks and June acreage reports due out tomorrow. Wheat was mostly lower as demand for U.S. grain remains tepid but variable yield results from the U.S. plains pushed KCBT wheat higher. Pre-report expectations for the Grain Stocks report are provided below.
The June Hogs and Pigs report was largely in-line with pre-report expectations but held some interesting dynami...
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...
