GOOD MORNING, Prices started the night on a steady note but this morning will open lower. Sharply lower soyoil futures are pressuring beans, and prices will begin on key support points. The theme now seems to be liquidation for the day into the weekend, as the report is digested from yesterday along with current weather. China lowered its 20/21 corn estimates in feedstock on the back of more alternative use of grains. China's 202/1 corn consumption in feed was seen at 182 mmt, down 3 mmt from the prev. month, according to a statement published on the website of the Ministry of Agriculture and Rural Affairs. The gist of the USDA report was that of a slightly friendly tilt to corn, neutral to perhaps a b...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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Illuminating the value of technical research
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