THE OPEN July beans: 2 higher July meal: 2.40 lower July soyoil: 1.40 higher July corn; 2 higher July wheat: 3 higher The markets opened as called with two-sided trade as end-users sought coverage on weakness and bulls decided to book some profits. Oilshare continued to trend higher as meal prices traded lower. The drop towards the end of the session off the highs offered spooked bulls who took some profits on the recent run-up. Support was still noted as end-users were there to catch up on pricings. SOY
The key feature in the soy complex was that of higher oilshare as meal prices quickly turned red at the start of the day. Beans turned lower along with meal, while soyoil...
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...
