THE OPEN Jan beans: 6 1/2 lower Dec meal: 3.30 lower Dec soyoil: 20 higher Dec corn: 2 2/3 lower Dec wheat: 3 1/2 lower The markets opened as expected with the uncertainty of trade war negotiations pressuring beans. Bean bulls were discouraged by negative technical action as well as macro pressure, as commodities in general were weaker. Traders continued to unwind previous buy soy/sell grain trade on the back of the Nov. 8 WASDE report. SOY
The soy complex was mixed in early trade as traders continued to buy soyoil/sell meal, and sell beans. Nov beans will expire on the 14th, and bulls were heading for the exit in further signs of trade war delays, negative technical si...
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...
