GOOD MORNING, Prices are lower across the board to begin the trading session. Crop conditions were slightly better than expected and weather remains conducive to crop development. There is currently no freeze forecast and above normal temperatures are helping crops to maturity. The impact of yesterday's terror attack on oil facilities in Saudi Arabia that pushed crude up to new highs over $60/barrel has eased, and with it the two markets impacted the most by the spill-over, namely corn and soyoil. Technically speaking, the inability of Nov beans to hold over $9.00 pressures that market today. Funds still remain short across the board with the exception of soyoil. CROP PROGRESS
Corn: Uncha...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
