THE OPEN May beans: 6 1/2 higher May meal .80 lower May soyoil: 85 higher May corn: 2 higher May weather: 5 higher The markets opened as called with the soy complex gaining on grains as the ratio correction further. Since the April report, corn has gained on beans, which has resulted in a ratio that is too low for beans considering the 120 mln bu carryout. Oil is fueled by higher crude, palm, and energies, while meal sees short-covering and a technical bounce as well. SOY
The soy complex traded in a very technical day manner building on gains from the start of the week. Though crush values were lower than expected, the pace of crush remains good trending higher on the back of firm so...
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...
