THE OPEN November beans: 8 higher December meal: 3.90 higher December soyoil: 9 lower December corn: 7 higher December wheat: 3 3/4 higher Prices opened as called on a firm note, with more short-covering in corn and new buying in beans a major feature of trade. The lack of rainfall for the moment and the lower ratings are forcing more fund shorts out of corn. The Chinese business announcements and lower ratings set the stage for a technically driven rally with momentum trades turning higher as early pullbacks in the session held for each market. SOY
The soy complex opened in firm trade with soyoil futures opening lower, but turning higher as beans and meal rallied. The co...
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...
