THE OPEN Nov beans: 2 higher Dec meal: 1.10 lower Dec soyoil: 40 higher Dec corn: 2 lower Dec wheat: 4 higher The markets opened as called with prices continuing to wobble at first, only to find some tech strength on the back of strong wheat. A sale of corn was noted for the open but did not move the funds to buy the market at first. The International Grains Council (IGC) raised its forecast for global 21/22 corn crop by 7 mmt to 1.209 bln tons. They also trimmed the forecast for global wheat production for 21/22 by one million to 781 million. SOY
The markets opened as expected with soyoil futures gaining on meal, and Dec. oilshare trading at 45.44%. Dec crush trad...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
