THE OPEN Nov beans: 2 higher Dec meal: 2.90 lower Dec soyoil: 70 higher Dec corn: 1/2 lower Dec wheat: 5 higher The markets opened as called but trade was thin and choppy with beans following meal prices lower and wheat seeing further gains. Buy wheat/sell corn and buy soyoil/sell meal spread trade continued. SOY
The soy complex was mixed with the major feature being stronger oilshare and soyoil values vs. weaker meal prices. August crush trades to 90c/bu while oilshare firms to 47.87%. September and November beans do some back and fill activity at the open after the healthy rallies from $13.00 this week. August beans trades to $14.61 as spreads remain firm.&n...
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...