SPREADS Jan crush trades up to 90c/bu while oilshare firms to new highs at 34.33%. Dec/March corn trades back out to 10 1/4c from 9 3/4c while Dec 19/Dec 20 trades from 19 3/4c to 20 3/4c. Jan/March beans trades from 13c to 13 1/4c. Dec wheat/corn trades from 1.29c to 1.26 3/4. PALM OIL Jan down 16 ringgits on profit-taking. NEWS Stocks are up 70 pts as the trade continues to look towards a trade deal getting accomplished this month for a phase 1 deal. Crude oil trade firmer to $57.12/barrel with the US dollar higher at 97.77. MORE TRADE GUESSES From Dr. Cordonnier: Brazil
Soybean production down 500 mt to 123.5 mmt Corn production unchanged at 103.0 mmt
Argent...
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...