THE OPEN Nov beans: 9 higher Dec meal: 1.00 higher Dec soyoil: 70 higher Dec corn: 3 1/2 higher Dec wheat: 10 higher Prices continued to journey higher after the open on upside technical follow-through. The Gulf is once again getting another thrashing, with 4-10" rains courtesy of Tropical Storm Nicholas. Into the early hours, wheat prices traded higher vs. corn, and soyoil vs. meal as oilshare once again found bargain -hunters at the lows of the move. SOY
The major feature in the soy complex was that of higher oilshare. Soyoil continued to rally on higher canola, higher crude, and higher palm oil prices. Higher crude oil prices, (firmer on the back of the storm), a...
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...
