THE OPEN July beans: 18 higher July meal: 1.50 higher July soyoil: 139 pts higher July corn: 7 higher July wheat: 4 higher Prices opened higher and once again it was the soyoil market that caught fire and traded up, spurring on a higher bean trade. Corn prices followed with wheat markets as well. New contract highs were posted across the board except for meal. May and July corn locked limit up, with buying flowing into every market as the bullish venue rolls on. Money flows continue to rule, as funds buy into very light farmer selling. SOY
The key feature in the soy complex was that of higher oilshare as May soyoil rallies and trades limit bid. July soyoil quickly f...
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...
