THE OPEN November beans: 25 lower December meal: 5.60 lower December soyoil: 130 pts lower December corn: 13 lower December wheat: 14 lower Prices opened lower as values overall remain in large sideways patterns. End-users sought coverage as weather still remains questionable. A private guess-time from the firm CWG forecast the corn yield at 181.3 bpa, pointing out that growing conditions in the eastern-belt promoted the ability for this higher trendline yield, and the market has to consider it. Beans trade lower as traders unwind previous buy bean/sell corn trade. SOY
The soy complex traded lower on the day as rains in the Great Lakes and Canada sent canola prices tumbling.&nb...
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 €...
