THE OPEN March beans: 9 1/2 higher March meal: 2.70 higher March soyoil: 7 lower March corn: 1/4 higher March wheat: 2 1/2 lower The markets opened as expected with strength. Beans continued to gain on corn, while meal gained on soyoil. Prices continued to remain firm throughout the morning session, though wheat and soyoil saw both sides of even. Buy beans/sell wheat trade returned as a fan-favorite spread trade once more. SOY
The soy complex opened on a firm note with meal prices adding to morning gains. Meal prices continued to trade higher with a trade into new contract highs shortly after the open. The meal led rally backed beans, which also saw more noted buying. &nb...
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...
