THE OPEN July beans: 18 higher July meal: 1.50 higher July soyoil: 139 pts higher July corn: 7 higher July wheat: 4 higher Prices opened higher and once again it was the soyoil market that caught fire and traded up, spurring on a higher bean trade. Corn prices followed with wheat markets as well. New contract highs were posted across the board except for meal. May and July corn locked limit up, with buying flowing into every market as the bullish venue rolls on. Money flows continue to rule, as funds buy into very light farmer selling. SOY
The key feature in the soy complex was that of higher oilshare as May soyoil rallies and trades limit bid. July soyoil quickly f...
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...
