THE OPEN November beans: 2 1/2 lower December meal: steady December soyoil: 33 lower December corn: 4 lower December wheat: 3/4 lower The markets owned as called with prices turned mixed after the open as recent shorts covered beans and new buyers were attempting to find places to enter. Products were firm as soyoil futures traded higher from lower. Wheat prices rallied on short-covering. Traders were booking profits on recent buy corn/sell wheat spread trade. In a separate story, Brazil's President Bolsonaro tested positive for Covid-19. SOY
The soy complex opened on a steady note with soyoil prices gaining on meal. December soyoil charts were construc...
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...
