THE OPEN November beans: 2 lower December meal: .10 higher December soyoil: 14 lower December corn: 1 higher September wheat: 3 1/2 higher Prices opened as expected with more unwinding of previous buy bean/sell corn trade. The forcing of the closure of the Chinese consulate in Houston over IP theft issues triggered negative comments and threats of retaliation from China, which weighed on beans, while more business announcements put a floor under technical weakness. Oilshare entered into profit-taking mode as well. SOY
The key feature of the soy complex was that of more long liquidation in beans, as traders were nervous after renewed tensions flared between the US/China. Beijing has vowed t...
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...
