THE OPEN November beans: 2 higher December meal: .60 higher December soyoil: 21 higher December corn: 1 1/2 lower September wheat: 2 3/4 lower The markets opened on a mixed note, but weakness in soyoil and wheat weighed on prices elsewhere. Bean inverses remained well bid as more business announcements came through. Oilshare was weaker. Buy bean/sell corn trade continued. SOY
The soy complex opened as called but prices soon turned mixed as December soyoil futures traded both sides of unchanged. Nearby bean spreads continued to strengthen as good demand vs. ideal weather continued to play out. August/Nov beans traded to 5 1/2c inverse with Sep/Nov moving...
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...
