THE OPEN November beans: 3 1/2 lower December meal: 1.70 lower December soyoil: 16 higher December corn: 7 lower December wheat: 3 1/4 lower The markets opened as expected with a bit more technical selling on hand in the grains and meal. Higher soyoil prices stabilized beans at first, but weaker meal and grains found beans in the red into the last part of the day. Bull-spreading was noted keeping inverses well supported. SOY
The soy complex was mixed with higher oilshare the major feature as traders bot soyoil/sold meal. August crush trades to 80c/bu while oilshare trades firmer to 46.31%. Traders were buying soyoil on the back of higher palm, canola, and cru...
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...
