THE OPEN May beans: 11 3/4 higher May meal: 3.90 higher May soyoil: 33 higher May corn: 5 3/4 higher May wheat: 3 1/4 higher The markets opened higher on the back of short-covering activity and firmer world stocks, but early gains faded by the time the 11:00 hour rolled around. Mini-trends became more apparent as corn held firm vs. beans. Oilshare was steady as soyoil found some interim stability at the open, trading lower as crude oil prices broke towards their lows once again. A firmer wheat market also fizzled to two-sided price action, with Chicago markets losing to KC and Minn. SOY
The soy complex opened higher with beans and soyoil posting fresh...
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...