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Soyoil Closes Limit Down After EPA Biofuel Blending Mandates Reveal a Smaller Than Expected Increase; Grains Drop in Sympathy Amid Weak Export Sales
Beanoil lower and meal higher on new 2023-2025 EPA mandates, quiet in the rest of US ags, USDX moving lower.
Wheat Shows Signs of Life After Forming a Bottom Near the August Lows; Slightly Higher Trade Expected From Here on Short-Covering; Still Lacking a Catalyst to Spook the Funds, However
SF3 trying the upside overnight, more beans reported sold to China this AM, big deliveries of US HRS and SRW wheat but none in HRW.
Choppy Day in the Wheat Pit Ahead of Deliveries Tonight; Minor Hard/Soft Wheat Intermarket Liquidation Noted; US Export Demand Still Lacking
A quiet ag and macro night session except for a crude bounce
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