THE OPEN July beans: 4 1/2 higher July meal: .50 higher July soyoil: 25 higher July corn: 5 1/2 higher July wheat: 1 3/4 lower The market opened in line with expectations as key features were short-covering in corn and soyoil, (associated with a more stable crude oil market), and higher oilshare. Short-covering in corn triggered buy-stops throughout the trading session, taking prices into key resistance levels. Corn gained on both beans and wheat. SOY
The markets opened as expected with soyoil gaining on meal on the back of higher energies. Palm, crude, and canola prices were all higher. July crush trades to 88.51c/bu while oilshare trades back up to 30.85%. Meal pr...
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...
