THE OPEN November beans: 1/4 higher Deceme meal: 2.00 lower December soyoil: 72 higher December corn: 3 1/2 lower December wheat: 6 1/2 lower It was a bit of turn-around Tuesday as bean prices put in a reversal trade from the lows. Of note was an adjustment in recent buy grains/sell soy trade and buy corn/sell beans. Beans followed the sharply higher rally in soyoil on the back of surging crude oil prices and canola, which created a short-covering rally. Energy was a key component today for soy complex trade. SOY
The feature of the day was that of surging oilshare on the back of climbing crude oil and higher palm prices. Dec. oil share trades up to new highs at 48.80% whi...
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...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
