THE OPEN Nov beans: 3 higher Dec meal; 2.70 higher Dec soyoil: 34 lower Dec corn: 1 1/2 higher Dec wheat: 3 1/2 lower The markets opened as expected with more strength in bean and meal prices while soyoil and wheat prices struggled. Price action was choppy as some bulls took profits and others perhaps entered as new shorts on the rally in anticipation of trading range activity. SOY
The major feature in the soy complex was that of weaker oilshare as traders unwound prev. buy soyoil/sell meal trade. Dec crush trades 45.46% with oilshare at 86c/bu. Palm is on holiday, offering little direction, while crude oil prices ease today. Bean prices put in an encouraging performance, driving beyond $13.00 f...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
