The soybean story seems to be more about weather than demand. Today’s issue was that it is a Friday and forecasts can change over the weekend. Meanwhile, wheat had another round of erratic night and day sessions. General Comments Corn and soybean markets were better overnight. Meanwhile, Minneapolis wheat futures were down as much as 22-23 cents and up as much as 20 cents. Markets then opened firm this morning, but wheat couldn’t hold its gains into the close. Soybeans, though, were strong all day. Weather is the primary factor, and forecasts for the Corn Belt and northern Plains continue to look hot and dry. Today’s issue was that it is a Friday and forecasts can change over the weekend. Another problem was that the U.S. weather model lo...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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