THE OPEN July beans: 17 higher July meal: 4.90 higher July soyoil: 92 higher July corn: 14 higher July wheat: 8 3/4 higher The open was met with good buying activity allowing both soyoil and corn to place new contract highs. Hedging was less as many are still out on holiday. Oilshare found some light profit-taking on palm oil's lower price action, but all in all the very strong soyoil market still is supportive for the complex in general. Volumes were off today, which could make for a somewhat tentative close despite midday strength. SOY
The soy complex opened as expected with more fund buying. July soyoil trades to new contract highs at 65c, putting a solid spin to bean price...
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...
