THE OPEN November beans: 18 higher December meal: 6.60 higher December soyoil: 50 pts higher December corn: 9 1/4 higher December wheat: 7 1/2 higher The markets opened as called with fund buying activity note as well as profit-taking in oilshare. Buy meal/sell soyoil was a dominant feature of trade which sent soyoil prices into two-sided trade. Trade turned choppy as further oilshare losses spilled over into neighboring markets. SOY
The major feature in the soy complex was that of profit-taking in oilshare, with beans rallying at first but losing steam into the midday hour. While there are rumors that China could be inquiring for US beans, they have in fact been p...
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 €...
