THE OPEN:
Nov beans: 10 lower Dec meal: 2.00 lower Dec soyoil: 65 lower Dec corn: 4 lower Dec wheat: 3 lower
The markets opened as called with prices continuing to congest in front of the July WASDE. Funds have been selling off more length awaiting the next fundamental input. Argentina's grain and financial markets are closed today and trading will Monday. SOY COMPLEX The soy complex opened as called and entered more technical consolidation within recent ranges. Soyoil values gained on meal at first, pushing oilshare up to 46.0% and August crush values dropped to 84 cents/bu. Reports of Chinese interest earlier in the week supported soybeans, but weather continues to dominate and, for now, continued scattered rainfa...
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...