CBOT markets opened on a mixed tone following yesterday’s Grain Stocks report but most commodities finished higher. Soymeal and soybeans led the soy complex higher on stronger fundamentals and continued fund short-covering. The U.S. forecast is trending wetter for the first two weeks of October, with ample rains for the Western Corn Belt this week. Next week will feature a shift in the precipitation patterns to favor Illinois and Indiana. The PNW remains cooler than normal but, fortunately, the bulk of the Midwest will retain above-average heat, despite the coming rainfall.
Internationally, Brazil and Argentina are still in rainfall deficit, but recent showers have helped alleviate the pain somewhat. The crops are gett...
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...
