THE OPEN May beans: 5 higher May meal: .80 lower May soyoil: 34 higher May corn: 1 higher May wheat: 3 higher Prices opened as expected and turned extremely choppy into the opening moments of trade. Oilshare was the net gainer on the day as traders returned to buy soyoil/sell meal trade prompted by weaker crush margins vs. constructive soyoil charts. Corn found a bit more liquidation at the PM highs of the night, while wheat gained on corn as well. The huge fund long position weighed on corn, as some traders decided to exit the market. SOY
The main feature in the soy complex was that of higher oilshare as soyoil prices maintained an extremely firm trade, holding key support at...
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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