THE OPEN November beans: 5 lower Dec meal: 1.30 lower Dec soyoil: 11 lower Sep. corn: 1/2 higher Sep wheat: 14 lower The markets opened as called with more weakness noted across the board. Wheat prices quickly headed downward to set new lows. Buy corn/sell bean and wheat trade were noted throughout the session. China remains on holiday until next Monday, but they are probably looking at bean prices as values head lower. Good weather and negative outside markets exerted further downside pressure. Movement remained very quiet with farmers holding tight as funds extended sales. SOY
The soy complex opened into weaker trade as funds may be short beans, meal, and soyoil f...
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...