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: The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said...
Key Takeaways: Soymeal with 44 percent protein generally contains more soybean hulls and fiber, while 48 percent soymeal is more extensively dehulled, resulting in higher protein concentration and lower fiber. CBOT soymeal futures were lowered from a 48 percent to 47.5 percent protein specific...
The trade deficit contracted slightly to $73.3 billion in June, a break from the volatility that has underscored international trade over the past year. Despite the small change, there was plenty of activity behind the scenes: imports fell $7.3 billion, led by crude oil, reflecting cheaper crud...
