THE OPEN November beans: 18 higher December meal: 6.60 higher December soyoil: 50 pts higher December corn: 9 1/4 higher December wheat: 7 1/2 higher The markets opened as called with fund buying activity note as well as profit-taking in oilshare. Buy meal/sell soyoil was a dominant feature of trade which sent soyoil prices into two-sided trade. Trade turned choppy as further oilshare losses spilled over into neighboring markets. SOY
The major feature in the soy complex was that of profit-taking in oilshare, with beans rallying at first but losing steam into the midday hour. While there are rumors that China could be inquiring for US beans, they have in fact been p...
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...
