THE OPEN Nov beans: 6 lower Dec meal: .40 higher Dec soyoil: 90 lower Dec corn: 6 lower Dec wheat: 5 lower The markets opened as called but selling emerged quickly taking prices into sell-stops. Oilshare once again found selling pressure, with soyoil futures trading back towards recent lows. Wheat futures ran sell-stops below $7.22, but quickly found support as prices neared the $7.00 benchmark in Chicago. Buy wheat/sell corn spread trade was evident. SOY
The soy complex opened as called but funds quickly turned sellers on liquidation of September contracts, rains around the Midwest which could encourage pod development, and the disruption of loadings in New Orleans where...
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...
