THE OPEN:
Nov beans: 10 lower Dec meal: 2.00 lower Dec soyoil: 65 lower Dec corn: 4 lower Dec wheat: 3 lower
The markets opened as called with prices continuing to congest in front of the July WASDE. Funds have been selling off more length awaiting the next fundamental input. Argentina's grain and financial markets are closed today and trading will Monday. SOY COMPLEX The soy complex opened as called and entered more technical consolidation within recent ranges. Soyoil values gained on meal at first, pushing oilshare up to 46.0% and August crush values dropped to 84 cents/bu. Reports of Chinese interest earlier in the week supported soybeans, but weather continues to dominate and, for now, continued scattered rainfa...
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 €...
