THE OPEN January beans: 1 lower December meal: 3.30 higher December soyoil: 14 lower December corn: 2 higher December wheat: 9 higher Prices opened about as expected with corn placing a new high but the soy complex finding more profit-taking heading into what appears to be a better pace of planting in SA. Given the breadth of the rally, a pullback was to be expected. Buy grains/sell soy was the trend of note, while oilshare and soyoil found some buying interest as meal prices turned two-sided. SOY
The soy complex started the day higher but since it is Friday found more profit-taking on morning strength as better rains continue in SA. Brazilian rains are scattered ea...
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...