THE OPEN January beans: 8 1/4 higher December meal: 6.80 higher December soyoil: 2 higher December corn: 3 3/4 higher December wheat: 4 1/4 higher The markets opened as called with futures higher across the board. Corn gained on wheat, while meal gained on soyoil. New trading range highs were reached in corn and meal as most of the markets except for soyoil remained on a firm path. Better rains in South America were mostly ignored while some weather premium was dialed back into the US picture as rain and snow slows the balance of what is left in the field. SOY
The soy complex features included lower oilshare as traders continued to buy meal against soyoil. Dec. crush rema...
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...
