Tidbits, Technical Analysis: SuperTrend, Ukraine-Russia, Oils, FOB 6/2/25
- Wright team
- Jun 2
- 5 min read
Tidbits
USDA April crush numbers for soybeans, canola, and corn will be issued 2 PM Central today.
Over the weekend, India reduced the tariff on all vegetable oils by 10%. Domestic veg oil supplies are priced higher than any imported oil, according to Tushar Agarwal, market analyst for edible oils.
Yesterday, Ukraine launched a massive drone strike on Russia sending drones 2,670 miles (4300 kms) past the battle line, deeper into Russia than ever before. Drone hit multiple Russian air bases, according to the Russian Ministry of Defense.
Also yesterday, Russia launched its largest drone attack, sending 472 drones into Ukrainian territory, according to Ukraine’s air force. Ukraine’s head of air force communications said Russian forces also sent seven missiles in addition to the drone swarm.
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