THE OPEN July beans: 55 higher July meal: 6.30 higher July soyoil: 130 pts higher July corn: 12 higher July wheat: 9 1/2 higher The markets opened higher and remained that way heading into the mid-morning hour. Beans were up the most having been punished the most, while oilshare saw more price stability. Beans gained on corn, while corn gained on wheat. SOY
The soy complex traded sharply higher and remained so into midday. There continues to be chatter that China could have purchased US beans on the break. Pullbacks were shallow as prices took back severe and perhaps overdone losses from yesterday. July beans attempts to work back towards $14.00, as the $13.30 leve...
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...
