News
The broader marketplace is monitoring escalating tensions in the Middle East and awaits Fed commentary and other macroeconomic developments.
Soybean futures are higher with corn and wheat futures under light pressure. Livestock futures are higher to start the week...
Grains saw relative weakness overnight while soybeans were supported by robust followthrough gains in soyoil following Friday’s limit higher close.
Trade and geopolitics at the top of traders’ watch list.
Short-term trend is bearish for soymeal.
Soyoil futures extended Friday’s strong gains that were tied to EPA’s proposed biodiesel mandate.
Access this week’s newsletter here.
The proposed biomass-based biodiesel mandates fueled a surge in soyoil futures.
Corn, soybeans and wheat each traded higher early in the overnight session, supported by strength in the overall commodity marketplace as Israel launched a widespread attack against Iran.
Israel strikes Iran, triggering oil supply concerns and surge in crude oil futures.