THE OPEN November beans: 6 higher December meal: 4.50 lower December soyoil: 155 pts higher December corn: 1/2 lower December wheat: 6 lower Markets opened as called with prices continuing to recover on the back of mostly technical considerations. Open gaps above the market now remain targets as new buyers see eventual gap-fill. SOY
The major feature in the soy complex was higher oilshare followed by minor profit-taking, as soyoil prices reached critical resistance and meal critical support levels. Demand from China and India for vegoils remains robust, while concerns over expanding cases of ASF calls for some concerns. A recently written article stated that trade sources...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
