THE OPEN November beans: 3 3/4 lower December meal: 1.20 lower December soyoil: 8 lower December corn: 1 1/2 lower September wheat: 1 1/2 higher The markets opened as called with continued price congestion. Inter-market spread trade saw some unwinding as funds bought wheat/sold corn. Funds were net buyers of corn yesterday, with open interest declining which suggested that this week's rally was short-covering and not those searching to get long. While that was not positive news for the corn market, the technical price action was extremely stabilizing. SOY
The soy complex put in a mixed performance today with beans in consolidation trade and products mixed.&nbs...
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...
