THE OPEN May beans: 15 higher May meal: 3.40 higher May soyoil: 1.08 pts higher May corn: 6 higher May wheat: 4 1/4 higher The markets opened as called with trends continuing to show stronger oilshare values and higher bean trade. Inverses strengthened today with front month values gaining. Chicago wheat gained on KC wheat. Though prices started on a firm note, the lack of volume and upside follow-through resulted in prices giving back some of the morning gains for corn and beans, with new crop prices weakening, particularly for corn. SOY
The major feature in the soy complex was that of soyoil gaining on meal, sending July oilshare back over 39.0%. Stronger crude oil prices und...
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...
