THE OPEN Nov beans; 1/4 lower July meal: .30 lower July soyoil: 3 lower Sep. corn: 1/2 higher Sep. wheat: 3/4 lower Prices started the day higher for the soy complex but lower for wheat. Wheat prices continued to see downside follow-through which eventually weighed on corn, while the soy complex turned higher from lower. Buy bean/sell wheat trade was the major feature of the day. SOY
The soy complex started the day mixed, but prices turned higher after the open. July soyoil traded down to major support at 2780c, which once again held for the day. Sep. crush traded down to 82c/bu while oilshare traded higher to 32.82%. Bean spreads continu...
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...
