SPREADS Sep crush is firmer at 98c/bu while oilshare firms back over 30% to trade to 31.10% as meal dips against a firmer soyoil market. Corn spreads are slightly weaker with Dec/March trading from 7 1/4c to 7 3/4c. Dec/Dec inverse falls from a 21 3/4c high to 15c. Sep/Dec meal trades into $4.40 to $4.60. Sep/Nov beans trade from 11 3/4c to 12 1/4c. PALM OIL - August down 6 ringgits NEWS The Dow is off 92 pts this morning with what appears to be a risk off day of trade. Crude is lower at $56.42/barrel against a firmer US dollar at 97.26. REPORTS Export sales:
Beans: 18/19 net 127,890 and 19/20 net 198,367 tmt (vs. an expected 100-700 low end) Meal: 18/19 net 65,287 tmt an...
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...
