THE OPEN July beans: 9 higher July meal: 2.00 higher July soyoil: 94 higher July corn: 1 higher July wheat: 5 3/4 higher The markets opened higher and quickly tacked on further gains. Bean and wheat prices led the rally based on technical direction and overnight strength. Beans gained on corn, and soyoil on meal. The index roll is on day 2 and is a major feature of trade and volume. SOY
Funds were back to buying the bean market as positions are lower than what they were a few months ago, allowing for further interest on pullbacks. The technical picture remains sound with prices now operating towards the upper portions of trading ranges. Spreads reb...
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...
