THE OPEN November beans: 7 higher December meal: .40 higher December soyoil: 58 higher December corn: 3 higher December wheat: 14 higher The markets opened as expected with key features being that of higher follow-through in wheat, as the tour continues through North Dakota with more negative comments concerning crops. Nothing new, but the reinforcement of loss remains constructive for price action. Oilshare rallies again with traders buying soyoil/selling meal. Rumors for meal, corn and bean business continue, but no announcements this AM. SOY
The key feature of trade in the soy complex was that of higher oilshare, with Sep. trading to 47.84%, and Sep crush t...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
