Soybeans continue to lead the markets higher on the continuing treat of hot, dry weather encompassing more of the northern Plains and Corn Belt. Corn, though, is reluctant to embrace a weather market. General Comments Markets opened with strong gains Sunday evening as corn and soybean futures traded at their highest levels since June 2016, and the session’s trading volume was quite large. Weekend weather updates continued to show the hot, dry weather eventually pushing even farther to the east than was expected last Friday. The western Dakotas, Nebraska and Kansas were solidly above 100°F over the weekend.The market also has the 12 July USDA reports to deal with, and there are a few related items to consider:
Planted acres will be adju...
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...
