THE OPEN November beans: 6 3/4 higher December meal: 4.00 higher December soyoil: 27 lower December corn: 3/4 higher December wheat: 4 1/4 higher The markets opened and traded higher led by wheat and meal. November beans reacted to more business announcements with morning gains. Meal posted a new high for the move as soyoil charts continued to trend lower for the day. Soyoil futures continued to find the most direction trading easier as funds liquidated / took profits on trades, lightening up on long positions. SOY
The soy complex opened as called with meal prices trading to new contract highs, taking beans along for the ride. End-users also were pricing as new busi...
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...
