THE OPEN July beans: 2 higher July meal: 2.20 lower July soyoil: 50 higher July corn: 9 lower July wheat: 21 lower The markets opened as called but later turned defensive once more with prices triggering stops when critical areas of support were breached. Bull-spreads continued intact, with firm prices noted and inverses strengthening. Oilshare started the day on a firm note but found more willing to book a profit. SOY
The soy complex started the day with the major features that of bull-spreading, and profit-taking in oilshare that helped meal to finally find a bid. Crush values firms to 93c/bu while oilshare trades around 45.58%. July bean prices worked lower foll...
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...
