THE OPEN Nov beans: 2 higher Dec meal: 2.90 lower Dec soyoil: 70 higher Dec corn: 1/2 lower Dec wheat: 5 higher The markets opened as called but trade was thin and choppy with beans following meal prices lower and wheat seeing further gains. Buy wheat/sell corn and buy soyoil/sell meal spread trade continued. SOY
The soy complex was mixed with the major feature being stronger oilshare and soyoil values vs. weaker meal prices. August crush trades to 90c/bu while oilshare firms to 47.87%. September and November beans do some back and fill activity at the open after the healthy rallies from $13.00 this week. August beans trades to $14.61 as spreads remain firm.&n...
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 €...
