THE OPEN Nov beans: 6 higher Dec meal: .10 lower Dec soyoil: 50 higher Dec corn: 6 higher Dec wheat: 3 higher Prices opened as called but cancellations of beans surprised the market with an initial sell-off. Corn prices in particular led the way higher, with oilshare firmer as well. Highs in energies lent support to soyoil which in turn supported beans. The weaker US dollar on the back of buy energies/sell currency supported ags in general. All weakness was purchased today as charts and technicals begin to turn more bullish. SOY
The soy complex traded higher led by soyoil futures which remained on a firmer path in affiliation with strong crude which traded up to new highs...
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...
