THE OPEN November beans: 6 higher December meal: 4.50 lower December soyoil: 155 pts higher December corn: 1/2 lower December wheat: 6 lower Markets opened as called with prices continuing to recover on the back of mostly technical considerations. Open gaps above the market now remain targets as new buyers see eventual gap-fill. SOY
The major feature in the soy complex was higher oilshare followed by minor profit-taking, as soyoil prices reached critical resistance and meal critical support levels. Demand from China and India for vegoils remains robust, while concerns over expanding cases of ASF calls for some concerns. A recently written article stated that trade sources...
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...
