THE OPEN Nov. beans: 14 higher Dec meal: 5.70 higher Dec soyoil: 125 pts higher Dec corn: 19 higher Dec wheat: 9 1/2 higher The markets opened higher, but the PM highs were not exceeded, and light profit-taking was noted as we head into the last trading day before the holiday weekend. Beans gained on corn and wheat, corn gained on wheat, and meal gained on soyoil. July corn prices set new contract highs but also traded both sides as it prepares to head into the last two weeks of its contract. SOY
The soy complex opened higher but prices receded from strength as the session continued, and soyoil traded both sides of even. The strong rally likely induced some farmer selling...
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...
