THE OPEN July beans: 9 lower July meal: 3.80 lower July soyoil: 57 lower July corn: 1/ higher July wheat: 9 1/2 lower The markets opened as called with the feature of the morning that of higher values in corn as funds purchase the open. Corn strength surprises many traders as bulls are there to defend, and most of the strength is in the spreads, which trades to new highs. SOY
The soy complex started the day as a follower of stronger corn prices, with soyoil quickly surging to higher levels as traders bot soyoil/sold meal. July oilshare trades higher to 41.80% with crush down to 83c/bu. July soyoil trades quickly back over 60c, remarkably holding its major visual upt...
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...
