THE OPEN November beans: 2 1/2 lower December meal: steady December soyoil: 33 lower December corn: 4 lower December wheat: 3/4 lower The markets owned as called with prices turned mixed after the open as recent shorts covered beans and new buyers were attempting to find places to enter. Products were firm as soyoil futures traded higher from lower. Wheat prices rallied on short-covering. Traders were booking profits on recent buy corn/sell wheat spread trade. In a separate story, Brazil's President Bolsonaro tested positive for Covid-19. SOY
The soy complex opened on a steady note with soyoil prices gaining on meal. December soyoil charts were construc...
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...
