THE OPEN Nov beans: 30 lower Dec meal: 5.90 lower Dec soyoil: 159 pts lower Dec corn: 14 3/4 lower Dec wheat: 12 1/4 lower Prices opened as called and worked lower on weaker technical considerations with more downside follow-through as sell-stops were triggered in corn, wheat, and beans. Oilshare worked higher as meal prices fell. Losses in soyoil values were more moderate, and lower prices found more buyers and a mid-session comeback on bargain hunting and short-covering. SOY
The major feature of trade for the soy complex was that of higher oilshare as meal prices fell further based on fundamentals and chart based technical selling activity. The downtrend on the meal chart re...
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...
