THE OPEN November beans: 4 higher December meal: .40 lower December soyoil: 38 higher December corn: 1 3/4 higher September wheat: 2 higher Prices opened in line with market expectations, with firmer oilshare courtesy of a weaker meal market. Light position - evening was the feature of the day, with short-covering in corn and profit-taking in wheat given its upside run. Funds purchased beans and soyoil after the market opened. SOY
The key feature in the market was that of firmer oilshare as a sharply higher palm oil market kept Dec. soyoil futures nicely supported during the session. Funds are only long a modest amount of soyoil, with the upside break-out triggering more...
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...
