THE OPEN July beans: 7 higher July meal: 3.20 higher July soyoil: 84 higher July corn: 7 1/2 higher July wheat: 11 higher The market opened as expected with profit-taking in front of a mostly clear planting window, and the need to alleviate very overbought market extremes. Grains and soy traded both sides while soyoil stayed well supported throughout the session. Breaks found quick support from end-users and shorts who wanted to quickly cover something in. SOY
The soy complex feature of the day was that of higher oilshare with July trading up to 43.36%. Traders continue to buy oilshare, which pushes meal prices lower on the day with July back towards $425.00. Soyoil prices were highe...
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...
