THE OPEN November beans: 5 3/4 higher December meal: 1.50 higher December soyoil: 25 higher December wheat: 1 higher December corn: 2 1/2 higher The markets opened on a firm note but wheat values traded lower pulling corn off the highs. Weaker grains pulled the soy complex lower with soyoil prices moving into the red first on the day. The most negative item for the day was the current weather pattern, which continued to show good rains crossing different portions of the Midwest. The Pro Farmer crop tour will enter states that have a chance of finding numbers more in line with USDA findings, which threw some caution into the market. SOY
Funds are probabl...
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...