THE OPEN November beans: 1/2 higher December meal: .30 lower December soyoil: 17 higher December corn: 1 higher September wheat: 8 3/4 higher The markets opened in line as expected with nearby bean spreads strengthening once again, and wheat futures entering into sharply higher trade. Oilshare found profit-taking with energies slightly weaker. The bean business announcements confirmed chatter that China was again around the bean market. SOY
The major feature in the soy complex was that of higher beans and meal, vs. weaker soyoil trade. December soyoil traded both sides of unchanged as crude oil prices trended lower. Dec. soyoil futures have been on a good run,...
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...
