THE OPEN November beans: 10 1/2 higher December meal: 4.40 higher December soyoil: 14 higher December corn: 6 3/4 higher September wheat: 4 higher The markets opened as expected with further short-covering in grains and technical buying in wheat. Traders returned to a buy meal/sell soyoil trade, pushing soyoil back to the lower end of its trading range. Macros were negative, with crude lower which was the major reason for a weaker soyoil trade. Argentina's grain markets remain closed today and Friday due to a public holiday. SOY
The major feature in the soy complex was that of weaker oilshare as traders continued to sell soyoil on weaker macros. Stocks...
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...
