THE OPEN March beans: 3 higher March meal: 4.30 higher March soyoil; 58 lower March corn: 1 higher March wheat: 3 lower Prices opened on a steady note but a good round of export sales created a bounce-back market for the day. The markets' clear bullish trends asserted themselves as funds returned as buyers as perceived trading range lows. Beans gain on corn as the spring acreage battle heats up, with the ratio at 2.64:1, favoring beans today. Oilshare seemed to find a possible low. SOY
The markets bounced back solidly from opening lows as shorts covered something in, and those needing to price did so. Funds returned as net buyers on the back of good export sales for meal...
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...
