THE OPEN Nov beans: 5 1/4 higher Dec meal: 1.70 higher Dec soyoil: 16 higher Dec corn: 2 1/4 higher Dec wheat: 1 1/2 higher The markets opened as called with an adjustment in the buy soy/sell grain trade surfacing later in the day. September liquidation seemed to have the best volumes as traders cleaned up positions. Later in the session the soy complex traded lower as the technical rally seemed to fail. Short-covering in the wheat market continued throughout the day with the market well bid after its sharply lower price action over the last few sessions. SOY
The soy complex firmed today led by the bean market but when the rally could not extend above...
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...