THE OPEN November beans: 4 higher December meal: 3.20 higher December soyoil: 10 lower December corn: 4 higher December wheat: 1 lower The markets opened as expected with highlights being weaker oilshare, and buy corn/sell wheat trade. Funds yesterday purchased 30K beans, 55K corn, and 25K wheat, leaving them long an estimated 217K beans, 145K corn, and 30K wheat. The significant amount of buying activity reinforces and reignites the uptrends, with upward pressure coming from the net bullish report and positive technical signals. SOY
The key highlight in the soy complex is that of weaker oilshare, as a bullish report reinforced meal strength, while soyoil is on a w...
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...