THE OPEN May beans: 8 higher May meal: .70 higher May soyoil: 35 higher May corn: 8 1/2 higher May wheat: 11 higher The markets opened as called with wheat prices putting in sharply higher trade on the back of concerning global weather and higher Matif prices. Fund buying activity was apparent from the start of the day in a technically oriented day of chart-based activity. Oilshare was higher as well, with meal prices continuing to stay in the lower portion of recent ranges. Corn prices found new contract highs. SOY
The soy complex opened into higher oilshare, with beans following the lead of higher soyoil values. NOPA March crush will be released tomorrow, and is expecte...
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...
