THE OPEN July beans: 1 lower July meal: 3.00 higher July soyoil: 99 lower July corn: 7 1/2 higher Dec wheat: 3 3/4 higher The markets owned as expected with beans trending lower on the back of extremely weak vegoil prices. Soyoil prices go lower on the back of sharply lower palm and canola, and possible biofuel changes. Buy corn/sell bean and buy meal/sell soyoil spread trade dominates. China continues to attempt to cool off hot commodity prices, with Premier Li stating they would work to keep grain prices at reasonable levels and work to curb rising prices of ag materials. SOY
The major feature of the morning was that of a continuation of weaker oilshare and soyoil price action.&nbs...
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...
