THE OPEN July beans: 17 higher July meal: 4.90 higher July soyoil: 92 higher July corn: 14 higher July wheat: 8 3/4 higher The open was met with good buying activity allowing both soyoil and corn to place new contract highs. Hedging was less as many are still out on holiday. Oilshare found some light profit-taking on palm oil's lower price action, but all in all the very strong soyoil market still is supportive for the complex in general. Volumes were off today, which could make for a somewhat tentative close despite midday strength. SOY
The soy complex opened as expected with more fund buying. July soyoil trades to new contract highs at 65c, putting a solid spin to bean price...
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...
