THE OPEN November beans: 3 1/2 lower December meal: 1.70 lower December soyoil: 16 higher December corn: 7 lower December wheat: 3 1/4 lower The markets opened as expected with a bit more technical selling on hand in the grains and meal. Higher soyoil prices stabilized beans at first, but weaker meal and grains found beans in the red into the last part of the day. Bull-spreading was noted keeping inverses well supported. SOY
The soy complex was mixed with higher oilshare the major feature as traders bot soyoil/sold meal. August crush trades to 80c/bu while oilshare trades firmer to 46.31%. Traders were buying soyoil on the back of higher palm, canola, and cru...
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 €...
