THE OPEN May beans: 8 higher May meal: .70 higher May soyoil: 35 higher May corn: 8 1/2 higher May wheat: 11 higher The markets opened as called with wheat prices putting in sharply higher trade on the back of concerning global weather and higher Matif prices. Fund buying activity was apparent from the start of the day in a technically oriented day of chart-based activity. Oilshare was higher as well, with meal prices continuing to stay in the lower portion of recent ranges. Corn prices found new contract highs. SOY
The soy complex opened into higher oilshare, with beans following the lead of higher soyoil values. NOPA March crush will be released tomorrow, and is expecte...
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...
