World: Morning grain market highlights on 7.25.24

Published 2024년 7월 25일

Tridge summary

The article provides an overnight outlook on various agricultural commodities. Corn prices are fluctuating due to weather premium buying and producer selling. Soybean prices are down, influenced by weaker spreads and potential reduced demand from China. Both bean oil and energy markets are trading lower, while soybean meal shows a slight increase. Wheat prices are mixed, with Kansas City wheat down and Chicago wheat maintaining above its 10-day moving average. The wheat tour results indicate a strong spring wheat crop.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Highlights Corn Outlook: Sep corn up 1 ¼ to down 1 ¾ overnight.. the market remains pinned between weather premium buying and producer selling. Oilseeds Outlook: August soybeans down 7 ½ to flat overnight.. bean spreads are weaker to start, as China’s demand may be softening. August bean oil is down 0.09 and energy markets are trading lower. August meal is up 0.1, and SMQ/SMU is up 0.6 at 17.9. Wheat Outlook: Sep KC wheat down 6 ¾ to up 2 ¼ overnight.. ...

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