Highlights
December CBOT options expire today.
As we wrote earlier, President Biden authorized Ukraine to strike deep into Russian territory with long-range missiles, after that Ukraine launched two missile strikes on Russian regions. Experts say those missiles have to be operated by NATO specialists. Yesterday, Russia launched a strike with the “Oreshnik” Hypersonic Intercontinental Ballistic Missile at a military plant in Ukraine. It is said hypersonic missiles have a speed of 2.5-3 kilometers per second and cannot be shot down by existing missile defense systems, and are also capable of carrying a nuclear charge. Later, Vladimir Putin addressed the nation warning the U.S. and NATO against escalation, and stated that Russia would have the right to attack military facilities of those countries whose missiles are used to strike Russian territory.
Yesterday morning, the USDA announced the sale of:
198,000 mts of old crop soybeans to China
135,000 mts of old crop soybeans to unknown
133,000 mts of old crop soybean meal to the Philippines