GOOD MORNING, Prices are mostly higher this morning after the release of crop progress reports showed corn conditions off 3 percent vs. expectations for unchanged. The trade today may consist of more short-covering activity as funds are net short across the board. Wheat continues to sustain its recent upside turn higher from lower, with spill-over into the soy complex as more strength emerges. CROP PROGRESS
Corn: 3 percent lower vs. an expected unchanged, to 55 percent good/excellent, the lowest corn rating of the year. States that saw the greatest deterioration included Illinois, Nebraska, Michigan, Tennessee, and Texas. Missouri, North Carolina, and South Dakota saw the largest improvement.&n...
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...
