THE OPEN May beans: 2 1/2 higher May meal: .40 lower May soyoil: 21 higher May corn: 4 higher July wheat: 8 1/4 higher The market opened as called but funds sold more corn, bean, and meal sending prices to new trading range or contract lows. Wheat and soyoil prices held their opening gains as other markets sold off. Lower crush and higher oilshare were major features of trade. Buy soyoil/sell meal and buy wheat/sell bean and corn spreads were dominant. SOY
The soy complex opened higher but it was back to selling beans and meal as funds took opening higher prices as a chance to put on sales. May beans sell off below $8.55, which triggers sell-stops and a trade...
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...
