THE OPEN August beans: 3 lower, Nov beans 8 lower August meal: 2.50 lower August soyoil: 17 lower Sep corn: 6 lower, Dec corn 7 lower Dec wheat: steady The markets opened as called with soyoil futures and oilshare taking the lead to the upside, helping once again to stabilize bean trade. Inverses strengthened again particularly for July/Dec corn. At midday, soyoil prices continue to trend sharply higher, stabilizing beans but bringing pressure to meal. SOY
The soy complex feature of the day was that of recovering soyoil futures, which quickly traded higher on the day. August soyoil trades past 60c confirming a possible 57c to 60c range or higher, most likely back towards...
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...
