THE OPEN August beans: 3 lower, Nov beans 8 lower August meal: 2.50 lower August soyoil: 17 lower Sep corn: 6 lower, Dec corn 7 lower Dec wheat: steady The markets opened as called with soyoil futures and oilshare taking the lead to the upside, helping once again to stabilize bean trade. Inverses strengthened again particularly for July/Dec corn. At midday, soyoil prices continue to trend sharply higher, stabilizing beans but bringing pressure to meal. SOY
The soy complex feature of the day was that of recovering soyoil futures, which quickly traded higher on the day. August soyoil trades past 60c confirming a possible 57c to 60c range or higher, most likely back towards...
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 €...
