THE OPEN November beans: 7 lower December meal: 1.90 lower December soyoil: 52 lower December corn: 3 lower December wheat: 2 lower The markets opened lower in further end-of-month and into the Sep.30 stocks report tomorrow. Hardest hit were beans where funds are the longest, with products down as well. Wheat values held better on talk of possible frost in Argentina and renewed export restrictions in Russia. The stocks report tomorrow could hold the friendliest number for wheat, which limited selling interest today. SOY
The soy complex traded lower as more fund selling pressured the market. Fund selling was noted in soyoil, which traded lower on the back of weaker p...
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...
