The market opened the day mixed as called and with some profit-taking; it ended the day mostly lower but with some interesting twists and turns.
Volume: Volume was relatively low except for the Euronext wheat contract and feeder cattle.
Red Hogs: There were higher bids for most contracts, but lean hogs never saw green once during the session.
Shiners: Corn and soymeal not only ended in the green but saw gains in both the nearby and more distant contracts.
Reversal: The market finally realized it had over-bought wheat and gave it a beating.
Despite the UN FAO’s concerns about current panic buying leading to higher food inflation, the spread between nearby contracts and those more...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
