THE OPEN Nov beans: 12 higher Dec meal: 5.00 higher Dec soyoil: 2 higher Dec corn: 6 higher Sep wheat: 1/2 lower The markets opened strongly as called except for wheat, which has become the sell leg of inter-market spreads. Oilshare struggled as traders booked profits. Bean and meal prices strengthened throughout the day remaining well bid. Corn saw more short-covering activity, along with a few bargain-hunters. SOY
The feature in the soy complex was that of weaker oilshare as firmer meal prices dominated trade space. October crush traded to 95.58c/bu while oilshare values sold off further to 34.62%. Profit-taking was noted in Dec. soyoil as prices climbed once aga...
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...
