World Perspectives
feed-grains

PM Post - Meal Drags

THE OPEN Nov beans:  5 higher Dec meal:  .50 lower Dec soyoil:  35 higher Dec corn:  1 higher Dec wheat:  1 higher The markets opened as called with further strength as traders lifted shorts in beans on the back of a continuing strong soyoil performance.  Grains were followers at first but more selling showed in wheat which turned mixed on the day. SOY The key feature in the soy complex was that of continuing higher soyoil prices and oilshare.  December meal prices dropped to a new trading range low of $318.00 as traders continue to buy soyoil/sell meal.  December oilshare trades to 49.27% with crush at 1.24c/bu.  Margins are still very good for crush.  November bean prices respond i...

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Summary of Futures

Mar 26 Corn closed at $4.2875/bushel, down $0.015 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, down $0.01 from yesterday's close.  Mar 26 Soybeans closed at $11.1075/bushel, down $0.045 from yesterday's close.  Mar 26 Soymeal closed at $297.8/short ton, down $5...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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