THE OPEN Nov beans: 5 lower July meal: .10 lower July soyoil: 15 lower Sep. corn: 4 lower Sep. wheat: 4 lower Prices opened as called with selling out of the gate. More corn states improved than did not, which created selling pressure throughout the day. Beans suffered from further skepticism over the comments as regards the trade deal, and new calls for Covid-19 free imports. Bull-spreading continued in the bean market, while short-covering was an early wheat feature. Rains over the next week seemed to cap off any gains that the market could make today, even as prices remain in ranges. SOY
The soy complex opened as called with prices turning higher for nearby contr...
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...
