THE OPEN November beans: 1/2 higher December meal: .90 lower December soyoil: 20 higher December corn: 2 1/2 lower September wheat: 2 1/2 higher The markets opened as expected with corn values remaining defensive while beans and soyoil held gains better. Wheat prices triggered buy-stops on lower world production, (lower Black Sea and now problems out of Argentina), combined with rising world premiums. More buy wheat/sell corn spread surfaced along with buy soyoil/sell meal trade. Beans worked higher, but was definitely a follower of stronger wheat, which was the trade of the day. SOY
The feature in the soy complex continued to be about stronger oilshare values...
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...
