THE OPEN May beans: 2 higher May meal: 1.90 higher May soyoil; 2 higher May corn: 1 1/2 lower May wheat: 3 lower The markets opened as expected with an opening rally in the bean and meal market helping corn to rally initially, but then fading when the stock market broke 1000 pts along with energies as a pandemic is declared by the World Health Organization. The volatility in the marketplace continues to bleed over into the Ag space. Rumors were that the White House is considering new travel restrictions to European countries. SOY
The start of the trading session saw a higher bean and meal market and weaker oilshare. More export sales announcements for beans h...
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...