THE OPEN November beans: 4 3/4 lower December meal: 1.40 lower December soyoil: 9 lower December corn: 1 3/4 lower September wheat: 4 1/2 higher The markets were mixed today but spread activity was apparent as former buy bean/sell wheat trade reversed itself. The wheat rally became the feature of the day against all other lower markets. The soy complex continued to retreat but corn values gained a bit of strength from wheat spillover. SOY
The soy complex retreated today as traders locked in profits after December soyoil hit double highs at 2960c, though meal prices traded both sides of even. December meal back-tracked to the 100-day moving average of $300.60, which...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
