The market started a little slow, with corn trading lower, while soybeans and SRW were only modestly higher. And why should they act any differently?
The weather is unchanged. There is no fresh news. Flash sales are missing from action. The impact of China’s breakout from lockdown remains a wildcard. Outside markets reflect angst, with stocks down and the dollar back on safety call.
None of that has changed but doldrums in the grain pits didn’t last.
There was solid volume in corn and soybeans during this otherwise movie-binging week. Corn traded solidly higher for a third straight day, and has been higher for five of the past six sessions. Soybeans keep pushing against resistance levels.&n...
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...
