THE OPEN March beans: 19 higher March meal: 6.80 higher March soyoil: 63 higher March corn: 3 higher March wheat: 3 1/4 higher March canola: 4.50 higher Prices opened as expected with wheat turning lower and the rest of the markets selling off from opening strength. Buy corn/sell wheat and buy beans/sell wheat trade was noted. Prices were able to hold at key lows, though weakening wheat created nervous profit-taking at new contract highs. SOY
The soy complex started the day with a profit-taking setback but once again those needing to price or get something on the books were there to buy the break. March beans fell at the start of the trading session along with pro...
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...
