SPREADS
Sep crush firms to 97c/bu while oilshare values push towards 32% with a trade at 31.95% this morning. Corn spreads are weaker with Dec/March trading out to 10c from 9 1/2c. Sep/Dec corn spread trades from 9 1/4c to 10c. The Dec/Dec corn inverse weakens down to new lows at 6 3/4c (high was 52c, and recent lows 10c). Sep/Nov bean spread trades from 12 1/2c to 12 3/4c. Dec/March meal trades from $5.00 carry out to $5.10, while Sep/Dec meal narrows into $4.80 from $5.30.
PALM OIL - Holiday NEWS Stocks are down over 100 pts as traders watch for how aggressive the Fed may be with interest rate cuts tomorrow. General outlook is for a 25 point basis cut.&nbs...
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...
