THE OPEN November beans: 3/4 higher December meal: 1.50 lower December soyoil: 14 higher December corn: 1 higher December wheat: 3 1/2 lower The markets opened as expected with corn prices firming after the open. Buy corn/sell wheat was a fan-featured trade. Prices traded higher for the most part after the open on a combination of weekend short-covering heading into what is full-ahead harvesting. SOY
The soy complex started the day on a tentative note but firmed after prices seemed to hold onto the $10.00 level in November. December soyoil futures continued to trade upward back towards 33c on higher palm and canola prices. Nov oilshare bounced to 32.80% as soyoil prices...
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...
