THE OPEN November beans: 7 1/2 higher December meal: 1.40 higher December soyoil: 70 higher December corn: 2 higher December wheat: 9 3/4 higher The markets opened as called with prices trading both sides of even for meal and corn. However, wheat prices remained firm, which put a floor under prices elsewhere on the board. SOY
The soy complex opened on a positive note with prices in ranges but well bid. The markets remain in technical trade with November beans trading into resistance at $13.40 trendline before finding resistance. August beans trades firm with values over the $14.00 level. The nearby inverse continues to see strength, with August / Nov beans trading up to 7...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
Corn Argentina Argentina's corn harvest continued to advance at a moderate-to-slow pace, constrained by high moisture levels in both the grain and the fields. Harvest delays remain concentrated in the remaining early-planted corn in central and southern Buenos Aires. To date, harvesting has rea...