General Comments Markets were firm overnight and this morning in extremely light Christmas Eve trading. In fact, trade volume was much lighter than expected, with less than 10,000 contracts of nearby corn and soybean contracts trading by 9:00 a.m. That is hardly worth opening for. Markets closed at noon today and will not open until 9:30 a.m. Wednesday.There wasn't much news to talk about and there were even fewer people around to listen or pay attention to the news. It was a repeat of what we've been reading and hearing for the past few weeks.
Weather seems to be OK for the moment in Brazil but too wet in Argentina. The market views weather in South America as still on track to produce record soybean crops. Once the calendar turns...
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 €...
