THE OPEN March beans: 8 lower March meal: 3.90 lower March soyoil: 59 lower March corn: 3 lower March wheat: 11 higher The markets opened as expected but found profit-taking heading into a long weekend and calls for a slightly wetter forecast. Weaker soyoil prices pressured beans, while falling crush values were negative as well. Wheat prices reversed from contract highs turning lower by the early part of the trading session. Funds took advantage of business announcements to take something off the table for corn and beans. SOY
The main feature for the soy complex was that of sharply weaker soyoil prices. Funds remain the longest in soyoil for now, while charts conti...
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...
