THE OPEN November beans: 4 higher December meal: 4.60 lower December soyoil: 180 pts higher December corn: 1 higher December wheat: 2 lower The markets opened as called with higher oilshare value intact once again remaining as the major feature of trade. Wheat lost to corn, and meal lost to soyoil. The nearby July/Dec corn inverted further as we head into first notice day tomorrow. The theme was that of more short-covering and cleaning up of July positions ahead of first notice day, but bulls also took a small rally to liquidate. SOY
The major feature of trade was that of higher oilshare as traders continued to buy soyoil and sell meal. December meal prices spent the majo...
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...
