THE OPEN Nov beans: 7 higher July meal: 1.10 higher July soyoil: 59 higher July corn: 2 1/4 higher July wheat: 1 lower The markets opened with further gains in the soy complex as grains remained a mixed affair. Macro markets added more buying interest, as the meeting between Chinese reps and Pompeo yielded net positive results. Chinese representatives pledge to step up purchases of US ags, including beans, ethanol, and HRW, as well as corn. Forecasts for rainfall over the entire Midwest weighed on new crop as prices firmed. SOY
The key feature of the morning was that of higher oilshare and firmer bean prices. Traders continued to buy soyoil on higher energies...
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...
