THE OPEN May beans: 3 1/4 higher May meal: 4.40 higher May soyoil: 30 lower May corn: 8 3/4 lower May wheat: 1 3/4 higher The markets opened on a mixed note today with corn and soyoil posting new contract lows at the start of the session. Good commercial pricing activity for both helped prices to firm, but a continuing weaker crude oil picture weighed on soyoil and corn. Buy beans and wheat/sell corn plus buy meal/sell soyoil were fan favorite trades for the day. Chatter about China in for wheat helped prices to rebound vs. weaker corn where challenged ethanol stats weigh. SOY
Bean and meal prices were generally firmer to begin the day session vs. a struggling soyoil market in its af...
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...
