THE OPEN Jan beans: 1/4 lower Jan meal: .40 lower Jan soyoil: 25 higher March corn: 1 lower March wheat: 2 higher The markets opened as called with grains firmer against beans and meal. Wheat prices are firmer as they were well bid before the open and are continuing to rally into the session. Buy soyoil/sell meal trade pushed oilshare higher, which followed a very strong palm oil market. Today was mostly about December option expirations, and a continuation of December contracts being rolled forward into first notice day next Friday. SOY
The soy complex opened on a mixed note, with more selling in beans and meal as soyoil prices put in a quietly higher trade. ...
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...