THE OPEN Jan beans: 6 1/4 higher Jan meal; .80 higher Jan soyoil: 15 higher March corn: 1 higher March wheat: 3 1/4 higher The market opened as called with more short-covering activity in the soy complex that set the tone for a buy bean/sell corn spread trade. The catalyst for higher beans was part technical and part trade negotiation chatter, as the narrative flipped back to a more optimistic tone on reports from Bloomberg that a phase one agreement might be expected ahead of the Dec 15 tariff deadline. SOY
The soy complex extended gains present in the night session on short-covering activity related to talk that a deal could still be ahead before the tariff deadline on Dec 15.  ...
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...
