THE OPEN March beans: 4 higher March meal: 2.50 higher March soyoil: 41 lower March corn: 1 3/4 lower March wheat: 9 lower The markets opened on a mixed note with an adjustment in recent buy corn/sell bean trade, and a technically weak performance in wheat weighing on corn. The higher US dollar continues to weigh on wheat, while funds continue to have small positions either side of even. SOY
The major feature in the soy complex was that of lower oilshare as traders continue to unwind recent buy soyoil/sell meal spread trades. May oilshare falls to 33.49% from values over 34.0%, while crush trades to 63.84c/bu. Farmer protests in Argentina could promote another exp...
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...
