World Perspectives
feed-grains

PM Post - Buy Grains/Sell Soy

THE OPEN November beans: 2 lower December meal:  1.60 higher December soyoil: 12 lower December corn:  6 higher December wheat:  12 higher The markets opened as called with corn prices rebounding along with strong wheat.  Buy grains/sell soy and a small adjustment in oilshare were the features of the morning.  Ultimately the lack of export sales announcements and fund selling broke the bean market lower, taking soyoil along with it.  China is now on holiday for Golden Week celebrations though October 7th, which may leave volumes open to fund flows. SOY

Funds came out selling a small bean rally this AM given the newest USDA numbers, lack of export announcements, reported good yields, and technical char...

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From WPI Consulting

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