THE OPEN March beans: 3 1/2 higher March meal: .40 lower March soyoil: 23 higher March corn: 1 1/4 higher March wheat: 5 lower Prices opened as expected with early profit-taking. Buy soyoil/sell meal trade was on again, with more buy corn and beans/sell wheat. Higher oilshare was a major feature as soyoil prices rebounded on recent buying activity, higher palm, and firmer crude oil. Outside markets garnered most of the focus with the US dollar continuing to firm while stocks jumped on stimulus hopes. SOY
The key feature of trade in the soy complex was that of higher oilshare as March soyoil prices traded back over 45c. May oilshare traded to 33.86% while crush values firmed to...
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...