SPREADS Dec crush trades higher to 87.40c/bu while oilshare trades at 33.64%. Dec/March corn moves narrows into 10c from 10 3/4c. Dec 19/Dec 20 corn trades back out to 22 1/2c from 21 1/4c. Nov/Jan bean spread widens out to 14 3/4c, while Jan/March beans widens to 12 1/2c from 12c. Dec wheat/corn trades at 1.31 3/4c. Dec/March soyoil trades from 46-48 pts. Dec/March meal widens back out to $6.40 from $6.10. PALM OIL Palm oil trades 0.8% higher at 2,417 ringgits/mt, the largest weekly jump in 3 years as exports remain bullish. Palm oil is trading to its 5th consecutive high. NEWS The Dow is off 40 pts with the US dollar firming back to 97.99, and crude trading down to $54.90/barrel. Calls are as follows:
beans: 2 1...
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...
