THE OPEN Jan beans: 3 1/2 lower Jan soyoil: 19 lower Jan meal: .70 lower March corn: 1 lower March wheat: 3 1/2 lower The markets opened as called but once again the path of least resistance was lower. Trade talks don't have a set date, and until there is clarity on policy changes, growing conditions and world supply will retain center stage, as will technical action, which up until now has not been supportive. SOY
The bean market opened on its lows and continued to accelerate to the downside as funds came out selling. Jan beans broke to target lows closer to $8.80, March lows just under $9.00 as sell-stops were triggered. The weaker Brazilian Real, which tr...
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...
