THE OPEN November beans: 15 higher December meal: 4.40 higher December soyoil: 71 higher December corn: 6 higher December wheat: 15 higher The markets were called higher and posted further gains after the open on technical considerations and calls for warmer and drier weather next week. Beans gained on corn, as we prepare to enter the make-or-break month of August. Soyoil traded higher, while wheat prices found upside follow-through as well. The higher prices were courtesy of momentum trades, which were extremely constructive with this week's rally. While corn advanced as well, major measurement gaps still remain open, an indicator that this market has less inherent strength. SOY
The...
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...
