THE OPEN Beans: Aug. up 1 and Nov down 3 Meal: 2.50 lower Soyoil: 60 pts higher Corn: 5 1/2 lower Wheat: 6 1/4 higher The markets opened as expected with soyoil futures gaining quickly on the rest of the board. Strong oilshare once again attempted to pull beans higher, but later in the session bean strength could not hold. Meal prices worked lower as the largest feature on the day was that of buying soyoil/sell meal, and buying wheat/sell corn. SOY
The feature of the day was that of higher oilshare. August crush traded up to 1.01c/bu while oilshare traded to new highs for the recovery move to 45.92%. Strong palm oil, canola, and energy prices supported vegoils...
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...
