THE OPEN May beans: 6 1/2 higher May meal .80 lower May soyoil: 85 higher May corn: 2 higher May weather: 5 higher The markets opened as called with the soy complex gaining on grains as the ratio correction further. Since the April report, corn has gained on beans, which has resulted in a ratio that is too low for beans considering the 120 mln bu carryout. Oil is fueled by higher crude, palm, and energies, while meal sees short-covering and a technical bounce as well. SOY
The soy complex traded in a very technical day manner building on gains from the start of the week. Though crush values were lower than expected, the pace of crush remains good trending higher on the back of firm so...
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...
