THE OPEN July beans: 21 higher July meal: 3.40 higher July soyoil: 120 pts higher July corn: 13 1/2 higher July wheat: 8 1/2 higher The markets opened into strength and found upside technical follow-through and new highs as funds returned as market buyers. Oilshare strength and stability for nearby bean spreads were features, but corn inverses remained under pressure as July contracts are rolled forward. Forecasts for hot and dry weather with limited rains in the Northern Plains underpins the markets and is the central focus. SOY
The main feature in the soy complex was that of higher oilshare as soyoil quickly traded back over 70c in the July contract while meal prices congested at t...
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...
