THE OPEN November beans: 3 1/2 lower December meal: 1.70 lower December soyoil: 16 higher December corn: 7 lower December wheat: 3 1/4 lower The markets opened as expected with a bit more technical selling on hand in the grains and meal. Higher soyoil prices stabilized beans at first, but weaker meal and grains found beans in the red into the last part of the day. Bull-spreading was noted keeping inverses well supported. SOY
The soy complex was mixed with higher oilshare the major feature as traders bot soyoil/sold meal. August crush trades to 80c/bu while oilshare trades firmer to 46.31%. Traders were buying soyoil on the back of higher palm, canola, and cru...
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...
