THE OPEN May beans: 15 higher May meal: 3.40 higher May soyoil: 1.08 pts higher May corn: 6 higher May wheat: 4 1/4 higher The markets opened as called with trends continuing to show stronger oilshare values and higher bean trade. Inverses strengthened today with front month values gaining. Chicago wheat gained on KC wheat. Though prices started on a firm note, the lack of volume and upside follow-through resulted in prices giving back some of the morning gains for corn and beans, with new crop prices weakening, particularly for corn. SOY
The major feature in the soy complex was that of soyoil gaining on meal, sending July oilshare back over 39.0%. Stronger crude oil prices und...
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...
