THE OPEN November beans: 1 lower December meal: .80 lower December soyoil: 24 higher December corn: 1 higher December wheat: 2 3/4 lower The markets opened as called with new highs in soyoil while wheat futures entered into weaker trade. Traders were back to buying soyoil/selling meal and buying corn/selling wheat. Double digit losses in wheat created pressure elsewhere on the board during the session. SOY
The main feature in the soy complex was that of firmer oilshare as soyoil futures derived support from higher palm oil and firmer canola trade. December oil, which had been firm since finding support at 3120c, traded to new market highs at 3191c. October oilshare...
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...
