THE OPEN Nov beans: 2 higher Dec meal: .20 higher Dec soyoil: 32 higher Dec corn: 3 higher Dec wheat: 7 higher The markets opened as called with the soy complex trending weaker after the open as grains stood its ground. The lack of business announcements remains a trouble spot for beans. Weaker energies weighed on oilshare. The US dollar traded to an 11-month high, which should have been a bit negative, but not an influence today as traders position in front of tomorrow's report. At the open, prices found more buying activity, particularly in the soy complex. SOY
The soy complex opened as called with tentative trade and spreads that were slightly firmer. Dec...
Key Market Insights Outside markets dominated today’s session. Crude oil traded below $70 per barrel, the U.S. dollar climbed to a 13-month high, and both gold and silver posted sharp declines as traders increased expectations for additional Federal Reserve rate hikes. At the same time, t...
Key Takeaways: An aging farmer population and fewer younger successors are creating growing farm succession challenges, leaving many operations without a clear future High land values and capital requirements create major barriers to farm ownership for new producers Farmland consolidation and...
What You Need to Know Today… Crush margins are set to pull back after their recent rallies, though U.S. markets will fare better than others. U.S. demand-led strength in soyoil pricing is a key driver of U.S. margin profitability and will remain so into mid-autumn. Soymeal prices are th...
