THE OPEN July beans: 55 higher July meal: 6.30 higher July soyoil: 130 pts higher July corn: 12 higher July wheat: 9 1/2 higher The markets opened higher and remained that way heading into the mid-morning hour. Beans were up the most having been punished the most, while oilshare saw more price stability. Beans gained on corn, while corn gained on wheat. SOY
The soy complex traded sharply higher and remained so into midday. There continues to be chatter that China could have purchased US beans on the break. Pullbacks were shallow as prices took back severe and perhaps overdone losses from yesterday. July beans attempts to work back towards $14.00, as the $13.30 leve...
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 €...
