THE OPEN Nov. beans: 14 higher Dec meal: 5.70 higher Dec soyoil: 125 pts higher Dec corn: 19 higher Dec wheat: 9 1/2 higher The markets opened higher, but the PM highs were not exceeded, and light profit-taking was noted as we head into the last trading day before the holiday weekend. Beans gained on corn and wheat, corn gained on wheat, and meal gained on soyoil. July corn prices set new contract highs but also traded both sides as it prepares to head into the last two weeks of its contract. SOY
The soy complex opened higher but prices receded from strength as the session continued, and soyoil traded both sides of even. The strong rally likely induced some farmer selling...
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...
