THE OPEN November beans: 2 higher December meal: .10 higher December soyoil: 18 higher December corn: 1 1/2 higher September wheat: 5 higher The markets opened as expected but corn prices remained under pressure even after a good sale was posted to China. Soyoil prices traded higher on the back of a surging palm oil market, which pushed oilshare higher. Beans traded higher following strong soyoil futures trade. Rains over portions of the Dakotas, Minn., Iowa and Wisconsin kept rallies under control. SOY
Oilshare values pushed higher as December soyoil futures found new buying on friendly palm oil price and charts. December soyoil once again traded past 29c after pos...
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...
