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Nov beans: 1 3/4 lower Dec meal: .70 lower Dec soyoil: 3 higher Dec corn: 1/2 lower Dec wheat: 2 1/2 lower
The markets opened as called but turned lower as China confirmed that soybeans would not be on the list of products for which tariffs were rolled back. Funds came out at the open selling back what they had purchased yesterday, but setbacks were supported at lower levels as further congestive price action takes place. Buy soyoil/sell...
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...