THE OPEN May beans: 8 1/2 lower May meal: 2.70 lower May soyoil: 13 lower May corn: 4 lower May wheat: 6 lower Prices opened lower today following the weaker outside markets. The markets continue to grapple with ideas of demand, and export sales were not positive for today's prices. Oilshare values worked lower with continued short-covering in meal, with soyoil charts working to new lows after the open on weaker energies. Buy beans/sell corn and buy meal/sell soyoil were major trends for the day. SOY
The major feature in the soy complex was that of weaker oilshare as traders covered in some of their meal shorts while liquidating what is left of soyoil length. ...
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...
