THE OPEN July beans: 18 higher July meal: 1.50 higher July soyoil: 139 pts higher July corn: 7 higher July wheat: 4 higher Prices opened higher and once again it was the soyoil market that caught fire and traded up, spurring on a higher bean trade. Corn prices followed with wheat markets as well. New contract highs were posted across the board except for meal. May and July corn locked limit up, with buying flowing into every market as the bullish venue rolls on. Money flows continue to rule, as funds buy into very light farmer selling. SOY
The key feature in the soy complex was that of higher oilshare as May soyoil rallies and trades limit bid. July soyoil quickly f...
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...
