THE OPEN March beans: 19 higher March meal: 5.90 higher March soyoil: 120 higher March corn: 11 higher March wheat: 4 3/4 higher The markets opened as called but swiftly traded both sides of unchanged with wheat futures leading the way lower. The business announcements could have been partly built into the rally, as prices traded both sides of unchanged for everything but soyoil futures. Oilshare strength continued as a major feature of trade. SOY
The soy complex opened higher but continued its choppy trade with profit-taking from the early morning strength leading to lower meal prices. Traders continue to buy soyoil against meal, sending March oilshare up to 33.91%. Marc...
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...
