THE OPEN July beans: 4 higher July meal: 1.80 higher July soyoil: steady July corn: 1 lower July wheat: 4 1/4 lower Prices were mixed on the day with weaker energies having an impact on soyoil and corn. Profit-taking was noted in oilshare, with volumes mainly going the way of day 4 of the Goldman roll. SOY
The feature of the day in the complex was that of firmer bean and meal values with oilshare finding some profit-taking. August crush traded to 83.99c/bu, while oilshare traded down to 32.63%. July beans found early support on further talk of Chinese business, but without a sales flash, prices were not able to push over key resistance in July at $8.7...
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...
