THE OPEN July beans: 2 higher July meal: 2.40 lower July soyoil: 1.40 higher July corn; 2 higher July wheat: 3 higher The markets opened as called with two-sided trade as end-users sought coverage on weakness and bulls decided to book some profits. Oilshare continued to trend higher as meal prices traded lower. The drop towards the end of the session off the highs offered spooked bulls who took some profits on the recent run-up. Support was still noted as end-users were there to catch up on pricings. SOY
The key feature in the soy complex was that of higher oilshare as meal prices quickly turned red at the start of the day. Beans turned lower along with meal, while soyoil...
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...
