THE OPEN July beans: 9 higher July meal: .20 lower July soyoil: 64 higher July corn: 3 3/4 higher July wheat: 1 3/4 lower The markets opened as called but quickly traded both sides of unchanged. Soyoil futures traded sharply lower led by May, which found the panic buying and short-covering on the wane heading into first notice day. The International Grains Council (IGC) trimmed its forecast for 2021/22 global corn, down 1 mmt to 1.192 bln with the US down 4.5 to 379.5 mmt. Increases were noted for Argentina for 21/22, up 3 mmt to 59.3 mmt, and the EU up 2 mmt to 67.5 mmt. Global wheat was up 16 mmt to 790 mmt for 21/22. SOY
Prices opened as called but short-c...
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...
