General Comments Trade in grains and the soy complex was indecisive overnight and volume was light. Asian traders should begin returning to action starting tomorrow and will be in full force by next Monday. Some market watchers expect Chinese buyers to quickly become active in the South American soybean market and the U.S. new crop soybean market. Falling soybean prices will have them looking at the best crushing margins they have seen in a long while, and no doubt there will be an effort to lock in soybean supplies.As for the day session, the market celebrated Valentine's Day with red numbers instead of red roses. Wheat, corn and the soy complex all closed with small to moderate losses. The sole exception was soybean oil, for which the...
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 €...
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