THE OPEN November beans: 15 3/4 lower December meal: 2.00 lower December soyoil: 98 lower December corn: 2 lower December wheat: 2 1/4 higher The market opened with grains holding firm against a weaker soy complex trade, led by lower soyoil values. Oilshare was weaker as corn prices edged higher, and into new highs again. Beans were lower with concern over China's President Xi Jinping calling on China to react to US comments over the pandemic, as well as the push to sell hi tech missiles to Taiwan. Better rains in Brazil helped to alleviate some soil moisture deficits, but more rains must fall in November to be assured that planting will proceed as normal. SOY
The bean and meal...
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...
