THE OPEN Nov beans: 2 higher Dec meal: 1.10 lower Dec soyoil: 40 higher Dec corn: 2 lower Dec wheat: 4 higher The markets opened as called with prices continuing to wobble at first, only to find some tech strength on the back of strong wheat. A sale of corn was noted for the open but did not move the funds to buy the market at first. The International Grains Council (IGC) raised its forecast for global 21/22 corn crop by 7 mmt to 1.209 bln tons. They also trimmed the forecast for global wheat production for 21/22 by one million to 781 million. SOY
The markets opened as expected with soyoil futures gaining on meal, and Dec. oilshare trading at 45.44%. Dec crush trad...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
