THE OPEN Nov beans: 1 lower Dec meal: 1.20 lower Dec soyoil: 20 higher Dec corn: 2 higher Sep. wheat: 1 lower The markets opened as expected with corn prices seeing a round of short-covering off the AM announcements of biz to China. First notice day is Friday for August futures, as we hit the delivery period. Outside markets influenced price action with the Dow falling over 400 pts as bad economic numbers rolled in. December soyoil futures had a large break given its connection to crude, which broke the $40/barrel level during the early going as Covid fallout persists. SOY
The soy complex opened as called with soybeans trading higher on good new crop export sales. However, it...
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...
