THE OPEN July beans: 2 1/2 higher July meal: 1.20 higher July soyoil: 13 higher July corn: 1/2 higher July wheat: 2 1/4 lower Prices opened and pushed higher with beans in the lead on more business announcements for this week. Buy bean/sell wheat trade was a fan favorite, with light short-covering in corn providing a mixed trade after the open. Buy meal/sell soyoil was also a feature, as weaker crude oil weighs on soyoil. Weaker macros midday spilled over into futures close to the midday hour sparking more two-sided trade. SOY
The soy complex opened on a firmer note with fund buying triggering a return to recent market highs for July and Nov beans. July meal...
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...