THE OPEN November beans: 2 lower December meal: .40 lower December soyoil: 14 lower December corn: 1 1/2 higher September wheat: 4 1/2 higher The markets opened as expected with more short-covering in grains and profit-taking in oilshare. Traders were unwinding previous buy soyoil/sell meal, and buy corn/sell wheat. Corn shorts were certainly not panicking as prices traded into key resistance, with all the markets entering into a consolidation phase of trade into tomorrow's August 12 WASDE. SOY
The major feature in the soy complex was that of more profit-taking in oilshare generated by technical signals. A key reversal presented as a friendly tech signal in meal, wh...
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...
