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...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...