THE OPEN November beans: steady December meal: .80 lower December soyoil: 18 lower December corn: 3 higher December wheat: 3 1/2 lower The markets started out on a mixed note but buy corn/sell wheat and bean trade and buy soyoil/sell meal spreads were active trends for the day. Dec oilshare worked higher. There was light short-covering and bottom-picking in the corn market, which eventually tested the weekly trading range lows of the day. Net-net funds were sellers at the open on the day pushing price action back towards the lower end of ranges. SOY
The soy complex started the day higher, but prices soon turned mixed, despite reports that Chinese cru...
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...
