THE OPEN March beans: steady March meal: .30 lower March soyoil: 10 higher March corn: 3/4 higher March wheat: 3/4 higher The markets opened as expected and quickly entered into position evening. Wheat was the first to turn lower, as funds now hold a core long position. March soyoil futures followed as funds are a record long for this market. There is not much more time to get out of positions, with an early close before Christmas, and closure on the holiday. Funds are estimated to now be short 60K corn, 80K beans, and 26K meal. Funds are long a record 100K soyoil futures and 30K wheat. SOY
Bean prices found light volume short-covering activity that took price...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
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USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
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