THE OPEN November beans: 4 1/4 higher December meal: 1.30 higher December soyoil: 5 higher December corn: 2 higher September wheat: 4 1/2 lower The markets opened as expected as traders took profits on previous buy wheat/sell corn spread trading. Oilshare strengthened along with bean prices as more sales were reported this morning. Short-covering was noted in corn as prices followed firmer bean trade. Rumors that China purchased SRW continues to make its way around the marketplace. Soyoil futures remained well bid into the midday hour of trade. SOY
The soy complex was dominated by further strength in oilshare with Dec.soyoil futures triggering buy-stops over 2965c to trade to n...
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...
