THE OPEN Nov beans: 5 lower July meal: 1.50 lower July soyoil: 24 lower Sep corn: 2 1/2 lower Sep wheat: 4 1/2 lower Prices started the day lower with bean trade weaker than expected as China deals with more Covid-19 cases. Soyoil prices turned higher as funds continue to own pullbacks. Wheat prices broke to the downside of recent trading ranges. Inter-market spread activity kept the soy complex supported at its lows while wheat trends turned weaker. SOY
The soy complex opened into surprising weakness today with Nov beans falling under important support at $8.70 which triggered sell-stops and a trip towards key support close to $8.65. Initial nervousnes...
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...
