GOOD MORNING, Tonight, we get the commitment-of-trader's report, which may show funds with some of the smallest positions held this year. With yesterday's activity, funds are probably net long 20K contracts soyoil, net short 30K contracts meal, net short 126K contracts corn, and net short 30K beans. Theme has been to cut risk exposure by half heading into the October report and the Trump/China meetings, all of which take place on Oct. 10th and 11th. More headline stories were noted yesterday with Russia's President Putin saying that China wanted to purchase all the beans they have. Point in fact, Russia has been exporting more beans to China since the trade war started, but South America is the largest export...
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...
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Accountability and a comprehensive approach to export programming
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