General Comments The overnight session provided more of the same for the soy complex and grains. Soybeans traded lower again while corn and wheat firmed. Soybeans have turned technically weak after three days of losses, and this encouraged more liquidation. Reports of increased supplies of soybeans at Chinese ports as U.S. and Brazilian shipments arrive, plus rumors that Chinese processors have cancelled some Brazilian purchases, helped push soybeans lower. The soybean market senses that while Brazil's problems and delays have gotten all of the attention, soybeans are being loaded in increasing volume, which should shut down export interest in old crop U.S. soybeans -- finally.This now familiar trend carried over into the day session aga...
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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