THE OPEN March beans: 15 higher March meal: 4.30 higher March soyoil: 22 higher March corn: 2 1/2 higher March wheat: 1 1/2 higher March canola: 5.90 higher The markets opened as expected with weakness at the open followed by new buying which sent bean prices to new contract highs. Corn prices followed at a slower pace, while oilshare losses were noted. Meal gained on soyoil throughout the morning, and corn on wheat. Traders seemed to be getting back into a buy bean/sell wheat trade prior to the USDA report next week, in case the report is not as bullish as some expect. New lows were noted for crush today, as the products are not keeping up with bean strength. SOY
The mo...
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...
