THE OPEN November beans: 4 1/4 higher December meal: 1.30 higher December soyoil: 5 higher December corn: 2 higher September wheat: 4 1/2 lower The markets opened as expected as traders took profits on previous buy wheat/sell corn spread trading. Oilshare strengthened along with bean prices as more sales were reported this morning. Short-covering was noted in corn as prices followed firmer bean trade. Rumors that China purchased SRW continues to make its way around the marketplace. Soyoil futures remained well bid into the midday hour of trade. SOY
The soy complex was dominated by further strength in oilshare with Dec.soyoil futures triggering buy-stops over 2965c to trade to n...
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...
