THE OPEN Jan beans: 15 1/2 higher Dec meal: 5.20 higher Dec soyoil: 18 higher Dec corn: 3 1/4 higher Dec wheat: 2 1/2 higher The markets opened higher but a collapse in soyoil prices led to a round of profit-taking elsewhere on the board, setting a stage for a badly needed market pullback if only to alleviate overbought extremes. Corn prices fell into good scale down commercial pricing interest along with meal. SOY
The soyoil market opened higher but it was not a convincing move and weaker overnight palm and crude oil set the stage for profit-taking. Dec. soyoil prices dropped below 39c which triggered sell-stops and a test close to 38c once again. Meal prices were...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
