THE OPEN November beans: 6 1/4 lower December meal: 2.30 lower December soyoil: 13 higher December corn: 3 lower September wheat: 5 3/4 lower Fund selling started during the night session and continued in the opening session on a combination of better ratings and continued ideal weather. The producer survey put out by one firm which hiked yields to new highs over 180.0 bpa in corn and 50.1 bpa in beans created the new wave of selling. No doubt that the corn short will continue to build while bean longs may lighten up. Oilshare remains well supported as meal prices head back towards contract lows, while soyoil futures setback but do not fall apart. SOY
Fund selling i...
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...
