Note: There will be no Technical Perspectives report tomorrow and Friday, 28-29 November. The next edition will be on Monday, 2 December. THE OPEN Jan beans: 1 3/4 higher Jan meal: 1.00 higher Jan soyoil: 8 higher March corn: 1/4 lower March wheat: 1 higher The markets opened as called with tentative price action at best at the start of a slow volume day. Corn resumed its challenge of recent support, eventually making new lows, as soyoil consolidates its move. Wheat prices broke lower after the recent run-up as some unwinding of this week's buy wheat/sell bean trade occurred. Volumes were light as expected with funds coming out as net sellers of grains, buyers of soyoil against meal. S...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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