World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Profit-taking; Wheat Correction

THE OPEN Nov beans:  2 higher Dec meal:  2.50 higher Dec soyoil:  60 lower Dec corn:  1/2 lower Dec wheat:  10 lower The markets opened as expected with profit-taking in wheat and wheat/corn spreads.  Oilshare continued to leak lower as charts leaned friendly for meal and sideways for soyoil.  Buy bean/sell corn and buy meal/sell soyoil trade continued throughout the session.  Outside markets were weaker with stocks down sharply on geopolitical tensions over current events in Afghanistan.   Prices turned lower from higher as bulls took profits into midday. SOY

The main feature in the soy complex was that of profit-taking in oilshare.  Sep crush trades steady at 1.04c while oil...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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