THE OPEN November beans: 13 lower December meal: 3.50 lower December soyoil: 46 lower December corn: 4 lower September wheat: 1 1/4 lower The markets opened as expected and trended lower on the back of very good progress ratings and the lack of new bean sales. Lack of new sales allowed nearby bean spreads to relax a bit. Oilshare continued to weaken as pricings for corn and meal saw good pricings on a slide downward. Funds added sales in corn and wheat. Political tensions between the US / China continue to find traders cautious, as funds hold a net long bean position against short corn. SOY
The soy complex opened as expected with prices grinding lower. Lack o...
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...
