THE OPEN July beans: 9 higher July meal: .20 lower July soyoil: 64 higher July corn: 3 3/4 higher July wheat: 1 3/4 lower The markets opened as called but quickly traded both sides of unchanged. Soyoil futures traded sharply lower led by May, which found the panic buying and short-covering on the wane heading into first notice day. The International Grains Council (IGC) trimmed its forecast for 2021/22 global corn, down 1 mmt to 1.192 bln with the US down 4.5 to 379.5 mmt. Increases were noted for Argentina for 21/22, up 3 mmt to 59.3 mmt, and the EU up 2 mmt to 67.5 mmt. Global wheat was up 16 mmt to 790 mmt for 21/22. SOY
Prices opened as called but short-c...
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...
