THE OPEN November beans: 6 1/2 higher December meal; 3.90 higher December soyoil: 15 higher December corn: 1 higher December wheat: 1 1/2 lower The markets turned higher after the start of the trading session with beans in the lead again. December soyoil joined beans, making another new for the trading range. Higher crude created another wave of fund buying, with beans making new ctr highs. Chinese pricing and fund buying activity accelerated gains over again after Nov. prices topped $10.00. SOY
The soy complex opened as called with more fund buying activity from the start of the trading session on more business announcements this morning. Funds continue to follow the s...
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...
