THE OPEN July beans: 3 higher July meal: .20 higher July soyoil: 41 higher July corn: 2 higher July wheat: 1 1/2 lower The markets opened as called with prices heading higher on more fund short-covering in corn. Weaker wheat futures dominated with trade to the downside. Stable ratings sent bean prices on a lower path, as traders unwound previous buy bean/sell corn trade. SOY
The markets traded mixed on the day with soyoil prices higher while bean and meal prices turned mixed. Sep oilshare traded to 32.79% as soyoil prices were supported by higher crude, palm, and canola. Bean bulls booked a profit when prices started the session higher, but once again f...
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...