THE OPEN March beans: 6 higher March meal: 3.80 higher March soyoil: 24 higher March corn: 2 1/2 higher March wheat: 3 1/4 lower The markets opened as called with new contract highs set in corn from the open, while profit-taking was noted in the soy complex. All in all, the markets remained well bid, with the key feature being the lack of US and SA farmer selling, as producers await potentially higher prices in 2021. Corn and beans continue to fight for acreage this spring with the new crop bean/corn ratio at 2.61:1, heavily favoring soybeans. SOY
Prices moved to the highest level since June 2014 for soybeans, with meal and soyoil trading to new contract highs today.&nbs...
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...
