THE OPEN March beans: 12 higher March meal: .30 lower March soyoil; 63 higher March corn: 13 higher March wheat: 8 1/2 higher The markets opened as called with corn/bean spread trade still a fan-favorite. End-of-month position-squaring may have kept corn from putting in further opening gains, but prices remained well supported on pullbacks. Bean inverses found pressure as well, but corn spreads continued to hold up. Soyoil futures broke lower as beans once again put in a fairly choppy and weak performance. SOY
The soy complex opened as called but beans once again turned lower from higher, with March triggering sell-stops with trade back below key support at $13.45. The bean market co...
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...
