THE OPEN November beans: 2 higher December meal: .10 higher December soyoil: 18 higher December corn: 1 1/2 higher September wheat: 5 higher The markets opened as expected but corn prices remained under pressure even after a good sale was posted to China. Soyoil prices traded higher on the back of a surging palm oil market, which pushed oilshare higher. Beans traded higher following strong soyoil futures trade. Rains over portions of the Dakotas, Minn., Iowa and Wisconsin kept rallies under control. SOY
Oilshare values pushed higher as December soyoil futures found new buying on friendly palm oil price and charts. December soyoil once again traded past 29c after pos...
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...