THE OPEN November beans: 2 1/4 lower December meal: .40 lower December soyoil: 3 lower December corn: 1 14/ lower December wheat: 1 3/4 lower The markets opened as called and jumped either side of even with beans and corn supported by good export sales and more business announcements to China. More fund buying was again noted at the open in very good turnover as corn, beans, and meal climbed to new market highs on a fundamental and technical basis. The strong trend in bean prices remained the catalyst of support for other markets except for soyoil, which was at the mercy of buy meal/sell soyoil trade. SOY
The soy complex once again opened into tentative trade, but funds were ba...
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...