THE OPEN November beans: 9 higher December meal: 4.20 higher December soyoil: 30 higher December corn: 2 lower December wheat: 4 higher The markets opened as called with oilshare values heading higher, recouping losses, and beans/wheat firm vs. corn. SOY
The major feature of the market was that of higher oilshare as crude oil regained strength. This was the fourth consecutive session with a bean announcement, and it brought support to futures as prices traded higher. Technically November beans remain inside the day's range, but picks up some support at trading range lows of $13.15 to $13.20. Soyoil prices gained on meal for the day, with Sep. crush at 1.11c a...
What You Need to Know Today: The conflict between the U.S. and Iran continues to escalate with the two sides exchanging attacks over the weekend. President Trump said Iran “will pay” for recent attacks that claimed the lives of U.S. troops stationed in Jordan. There are some signs...
Key Takeaways: Russia’s diesel export ban is tightening global fuel supplies and increasing dependence on alternative exporters. Limited refining capacity and logistical constraints make diesel markets especially sensitive to supply disruptions. Diesel supply disruptions are more difficu...