THE OPEN March beans: 22 lower March meal: 6.60 lower March soyoil: 60 lower March corn: 6 1/2 lower March wheat: 7 1/2 lower Prices opened lower but once again bottom key support levels held in place as commercials covered recent business transactions and funds covered shorts. Buy corn/sell bean trade continued as prices remained defensive into the noon hour. Surprisingly, weaker markets found support at lows, which helped price stabilization. SOY
The soy complex opened under pressure with soyoil futures holding up the best while beans and meal prices held opening lows. Funds sold into commercial pricings, which kept prices afloat, though technical action was defensive f...
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...
