THE OPEN July beans: 11 1/4 lower July meal: 2.70 lower July soyoil: 77 lower July corn: 8 lower July wheat: 1/4 higher The collapse in crude oil futures continues to set the tone for a risk-off macro day of trade across equities and commodities. President Trump announced that the US would purchase oil for strategic reserves to be stored in underground caverns, as a new stimulus package has been agreed upon in Congress. Features of the day included weaker oilshare, and beans gaining on corn. Wheat prices continued to bounce around as headlines talk of restricted exports and perhaps tighter supplies. SOY
Weakness in oilshare and soyoil prices dominated trade as...
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...
