THE OPEN Jan beans: 3 higher Dec meal: 2.10 higher Dec soyoil: 21 lower Dec corn: steady Dec wheat: 1 1/4 higher The markets opened as called but more technical grain weakness emerged as traders took cautionary positions heading into tomorrow's USDA report. Despite buoyant outside markets that reacted to more positive moves in trade headlines, bean bulls decided to book more profits in front of the November WASDE in the early part of the day, but turned buyers for the last part of the session. Trade remained choppy with trends leaning the way traders will head into the report tomorrow, namely long beans and short corn. SOY
Bean prices opened on a firm note with more prof...
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...
