THE OPEN November beans: 1/2 higher December meal: .90 lower December soyoil: 20 higher December corn: 2 1/2 lower September wheat: 2 1/2 higher The markets opened as expected with corn values remaining defensive while beans and soyoil held gains better. Wheat prices triggered buy-stops on lower world production, (lower Black Sea and now problems out of Argentina), combined with rising world premiums. More buy wheat/sell corn spread surfaced along with buy soyoil/sell meal trade. Beans worked higher, but was definitely a follower of stronger wheat, which was the trade of the day. SOY
The feature in the soy complex continued to be about stronger oilshare values...
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...
