THE OPEN November beans: 3 1/2 higher December meal: 1.00 higher December soyoil: 11 higher December corn: 3/4 lower September wheat: 2 1/2 higher The markets opened as expected with buy wheat/sell corn and buy meal/sell soyoil fan-favorite spread trades. Oilshare values were higher while corn markets sold off into new lows. SOY
The soy complex traded on a firmer note with beans extending gains in the early going with soyoil prices putting in a firmer trade. November beans saw a good round of buying activity based on technical price action, while December soyoil futures climbed back over the 200-day moving average of 3048c, which triggered more buying. Dec so...
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...