THE OPEN November beans: 4 higher December meal: 4.60 lower December soyoil: 180 pts higher December corn: 1 higher December wheat: 2 lower The markets opened as called with higher oilshare value intact once again remaining as the major feature of trade. Wheat lost to corn, and meal lost to soyoil. The nearby July/Dec corn inverted further as we head into first notice day tomorrow. The theme was that of more short-covering and cleaning up of July positions ahead of first notice day, but bulls also took a small rally to liquidate. SOY
The major feature of trade was that of higher oilshare as traders continued to buy soyoil and sell meal. December meal prices spent the majo...
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...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
